Current Attempt $in$ Progress

Teal Mountain Company, a computer services company, entered into these transactions during May, its first month $of$ operations.

$1.$ Stockholders invested $\frac{?}{(\frac{?}{?}\text{\$}39,200\frac{?}{?})}in$ the business $in$ exchange for common stock $of$ the company.

$2.$ Purchased computers for office use $(recordedas$ Equipment$)$ for $\frac{?}{(\frac{?}{?}\text{\$}29,400\frac{?}{?})}$ from Ladd $Co.on$ account.

$3.$ Paid $\frac{?}{(\frac{?}{?}\text{\$}3,920\frac{?}{?})}$ cash for May rent $on$ storage space.

$4.$ Performed computer services worth $\frac{?}{(\frac{?}{?}\text{\$}18,620\frac{?}{?})}on$ account.

$5.$ Performed computer services for Wharton Construction Company for $\frac{?}{(\frac{?}{?}\text{\$}4,900\frac{?}{?})}$ cash.

$6.$ Paid Western States Power $Co.\frac{?}{?}$$$7,840$ cash for energy usage $in$ May.

$7.$ Paid Ladd $Co.$ for the computers purchased $in(2).$

$8.$ Incurred advertising expense for May $of\frac{?}{(\frac{?}{?}\text{\$}1,274\frac{?}{?})}on$ account.

$9.$ Received $\frac{?}{(\frac{?}{?}\text{\$}11,760\frac{?}{?})}$ cash from customers for contracts billed $in(4).$

Using the following tabular amysis, show the effect $of$ each transaction $on$ the accounting equation. Put explanations for changes $to$ revenues $or$ expenses $in$ the right$-$hand column.

$-$ Decreases $in$ assets, llabilities, $or$ stockholders' equity require a negative sign $or$ parentheses.

$-$ Increases $in$ expenses require a negative sign $or$ parentheses.