Edit View History Bookmarks Window Help education.wiley.com NWP Assessment Player Ul Application ework Ch 3: Homework Question 2 of 10 View Policies Current Attempt in Progress Sandhill Company entered into these transactions during May 2025, its first month of operations. 1. Stockholders invested $37,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $33,500 from Ladd on account. 3. Paid $2,500 cash for May rent on storage space. 4. Performed computer services worth $18,400 on account. 5. Performed computer services for Wharton Construction Company for $6,300 cash. 6. Paid Western States Power Co. $6,200 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,200 on account. 9. Received $12.500 cash from customers for contracts billed in (4). -/1 E 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 causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item was reduced.) tv all A