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Ivanhoe Company entered into these transactions during Mary 2022, its first month of operations. 1....

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Accounting

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Ivanhoe Company entered into these transactions during Mary 2022, 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 for $28,000 from Ladd on account. 3. Paid \$3,700 cash for May rent on storage space 4. Performed computer services worth $18,100 on account. 5. Performed computer services for Wharten Construction Company for $6,800 cash. '6. Paid Western States Power Co. $9,000 cash for energy usage in May. 7. Paid 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). 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 far right column. (If a transaction couses a decresse in Assets, Liabllities or Stodholders Equity, place a negotive sign (or porentheses) in front of the amount entered for the particular Asset, Liablity or Equity item that was reduced. Ste llitustrution 3 -4 for etample)

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