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Keystone Computer Timeshare Company entered into the following transactions during May 2022.Describe the effect of...

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Accounting

Keystone Computer Timeshare Company entered into the following transactions during May 2022.
Describe the effect of each transaction on assets, liabilities, and stockholders' equity.
Purchased computers for $20,000 ?from Data Equipment on account.
Paid $3,000 ?cash for May rent on storage space.
Received $15,000 ?cash from customers for contracts billed in April.
Performed computer services for Ryan Construction Company for $2,700 ?cash.
Paid Midland Power Co. ?$11,000 ?cash for energy usage in May.
Stockholders invested an additional $32,000 ?in the business.
Paid Data Equipment for the computers purchased in (1) ?above.
Incurred advertising expense for May of $840 ?on account.
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