The basic accounting equation may be expressed as

Assets $=$ Equities

Assets $-$ Liabilities $=$ Stockholders' Equity.

Assets $=$ Liabilities $+$ Stockholders' Equity.

All of these answers are correct.

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.