View Policies Current Attempt in Progress Shamrock Company, a computer services company, entered into these transactions during May 2022. its first month of operations. 1 2. 3. 4. 5. Stockholders invested $44,800 in the business in exchange for common stock of the company Purchased computers for office use (recorded as Equipment) for $33,600 from Ladd Co, on account. Paid $4.480 cash for May rent on storage space Performed computer services worth $21.280 on account, Performed computer services for Wharton Construction Company for 35.600 cash. Paid Western States Power Co. $8,960 cash for energy usage in May Paid Ladd Co. for the computers purchased in 21 Incurred advertising expense for May of $1.456 on account Received $13,440 cash from customers for contracts billed in (4) 6. 7 8. 9. 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 right-hand column. (lf a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, placea negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced) Liabilities Assets 2