Current Attempt in Progress Cullumber Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $30,600 from Ladd on account. 3. Paid $2,600 cash for May rent on storage space. 4. Performed computer services worth $20,000 on account. 5. Performed computer services for Wharton Construction Company for $3,500 cash. 6. Paid Western States Power Co. $7,200 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $2,500 on account. 9. Received $10,300 cash from customers for contracts billed in (4). uity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Cash (1) $ (2) (3) (4) (5) (6) (7) (8) (9) Assets Accounts Receivable Liabilities Accounts + Equipment Payable