Sheridan Compary entered into these transactions during May 2022. Its first month of operations. 1....
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Sheridan Compary entered into these transactions during May 2022. Its first month of operations. 1. Stockholders imvested $44,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $31,800 from Ladd on account 3. Paid \$2,100 cash for May rent onstorage space. 4. Performed computer services worth $16,500 on account. 5. Performed computer services for Wharton Construction Company for $6,300 cash. 6. Paid Western States Power Ca. $8,400 cash for eneriry usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $1.500 on account. 9. Received $12,600 cash from customers for contracts billed in (4) 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. Of a transoction couses a decrease in Assets, Liabilities or Stockhalders' Equity, place a negotive sign (or parentheses) in front of the amount entered for the particulor Asset, Lobility or Equity item that was reduced. See Illustration 3-4 for cample)
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