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Ivanhoe Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1 Stockholders invested $35,500 in the business in exchange for common stock of the company 2 Purchased computers for office use (recorded as Equipment) for $28,000 from Ladd on account. 3. Pald $3,700 cash for Mayrenton storage space. Performed computer services worth $18,100 on account. 5 Performed computer services for Wharton Construction Company for $6,800 cash. 6. Paid Western States Power Co. $9,000 cash for energy usage in May. 7. Pald Ladd for the computers purchased in (2) 8 Incurred advertising expense for May of $3.400 on account. 9. Received $10.200 cash from customers for contracts billed in (4). 4 Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand column. dra transaction comes a decrease in Assets, Liabilities or StockholdersEquity placed regative sign for parentheses) In front of the amount entered for the particular Asset Liability or Equity Item that was reduced Cash Assets Accounts Receivable + Equipment Llabi Account (1) $ $ $ (2) (3) (4) (5) 16) 0% (8) (9) 1 2 3 4 5. 6. 7 8 9. Stockholders invested $35,500 in the business in exchange for common stock of the company Purchased computers for office use (recorded as Equipment) for $28,000 from Ladd on account. Paid $3.700 cash for May rent on storage space. Performed computer services worth $18,100 on account. Performed computer services for Wharton Construction Company for $6,800 cash, Paid Western States Power Co. $9.000 cash for energy usage in May. Pald Ladd for the computers purchased in (2) Incurred advertising expense for May of $3,400 on account. Received $10.200 cash from customers for contracts billed in (4) Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand column. (If a transaction courses a decrease in Assets. Liabilities or Stockholders' Equity, placea nepotive skoen for parentheses) In front of the amount entered for the particular Asset, Latility or Equity Ite that was reduced) Liabilities Stockholders' Equity Accounts Payable Common Stock Retained Earnings Revenues Expenses $

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