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Sunland Company entered into these transactions during May 2017, its first month of operations.

1.		Stockholders invested $38,000 in the business in exchange for common stock of the company
2.		Purchased computers for office use for $34,000 from Ladd on account.
3.		Paid $2,200 cash for May rent on storage space.
4.		Performed computer services worth $19,500 on account.
5.		Performed computer services for Wharton Construction Company for $6,400 cash.
6.		Paid Western States Power Co. $8,200 cash for energy usage in May.
7.		Paid Ladd for the computers purchased in (2).
8.		Incurred advertising expense for May of $3,300 on account.
9.		Received $12,700 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 Stockholders Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.)

		Assets					=	Liabilities	+	Stockholders Equity
		Cash	+	Accounts Receivable	+	Equipment	=	Accounts Payable	+	Common Stock	+	Retained Earnings
												Revenues	-	Expenses
(1)		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount		Select an explanation for changes to Stockholders Equity Service RevenueUtilities ExpenseIssued StockAdvertising ExpenseRent Expense
(2)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Advertising ExpenseService RevenueIssued StockUtilities ExpenseRent Expense
(3)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Advertising ExpenseUtilities ExpenseService RevenueRent ExpenseIssued Stock
(4)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Service RevenueAdvertising ExpenseRent ExpenseUtilities ExpenseIssued Stock
(5)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Rent ExpenseIssued StockAdvertising ExpenseService RevenueUtilities Expense
(6)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Service RevenueIssued StockRent ExpenseUtilities ExpenseAdvertising Expense
(7)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Utilities ExpenseRent ExpenseAdvertising ExpenseIssued StockService Revenue
(8)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Utilities ExpenseIssued StockService RevenueRent ExpenseAdvertising Expense
(9)		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Enter a dollar amount		Select an explanation for changes to Stockholders Equity Advertising ExpenseUtilities ExpenseService RevenueIssued StockRent Expense
		$Enter a total amount for this column		$Enter a total amount for this column		$Enter a total amount for this column	=	$Enter a total amount for this column		$Enter a total amount for this column

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