Question 1 View Policies Current Attempt in Progress Sandhill Co. entered into these transactions during May 2022, 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) Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanation Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability on Assets Lial Assets Libilities Stockholders' Equity Cash Accounts Receivable + Equipment Accounts Payable Common Stock Retained Earnings Revenues Expenses (1) $ $ $ $ $ $ $ (2 (4) (5) 16 (8 19 Textbook and Media