- Your answer is partially correct. Cullumber Company, a computer services company, entered into these transactions during May 2017, its first month of operations. 1. Stockholders invested $42,500 in the business in exchange for common stock of the company. 2 Purchased computers for office use (recorded as Equipment) for $31,900 from Ladd on account. 3. Pald $2,900 cash for May rent on storage space. Performed computer services worth $17,900 on account. 5. Performed computer services for Wharton Construction Company for $5,400 cash. 6. Pald Western States Power Co. $8,300 cash for energy usage in May. 7. Pald Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $1,600 on account. 9. Received $14,000 cash from customers for contracts billed in (4). Received tromaustomers for contacte transacc es the folgtsbutwaa gative for these show that och transaction on the front of them were for the arti tinguin ut explanations for changes to others' Equity in the fortuna s t or item that was e strat Las Meronts Payable Que An w ed