View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Oriole Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $ 36,000 in the business in exchange for common stock of the company. Purchased computers for office use for $ 33,300 from Ladd on account. 2. 3. 4. 5. 6. Paid $ 3,800 cash for May rent on storage space. Performed computer services worth $ 16,500 on account. Performed computer services for Wharton Construction Company for $3,600 cash Paid Western States Power Co.$ 7,700 cash for energy usage in May. Paid Ladd for the computers purchased in (2). Incurred advertising expense for May of $3,000 on account. Received $10,000 cash from customers for contracts billed in (4). 7 8. 9. Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanation revenues or expenses in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equi" sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illu example.) Assets rch ORI E Assets Cash + Accounts Receivable + Equipment (1) $ 36,000 $ UAH $ (2) 33,300 (3) -3,800 (4) 16,500 (5) 3,600 LE (6) -7,700 (7) -33,300 (8) (9) 10,000 - 10,000 $ 4,800 $ 6,500 33.300 Liabilities Stockholders' Equity Accounts Payable Common Stock Retained Earnings Revenues Expenses $ $ $ 33,300 -33,300 IC 3,000 LU $ 3,000 $ $