Question & Answer: 1. Stockholders invested $35,500 in the business in 2. Purchased computers for office use for $28,000 from Ladd on account…..

Chapter 3-2 Accounting Wiley
The options are Utilities Expense, Rent Expense, Advertising Expense, Issued Stock, and Service Revenue. I only need the answer for the three I got wrong highlighted in red 🙂

1. Stockholders invested $35,500 in the business in 2. Purchased computers for office use for $28,000 from Ladd on account. 3. Paid $3,700 cash for May rent on storage space. 4. Performed computer services worth $18,100 on account. S. Performed computer services for Wharton Construction Company for $6,800 cash. 6. Pald Western States Power Co. $9,000 cash for energy usage in May 7. Paid Ladd for the computers purchased in (2) 8. Incurred advertising expense for May of $3,400 on account. 9. Received $10,200 cash from customers for contracts billed in (4). exchange for common stock of the company Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put ex that was reduced. See Illustration 3-3 for example.) i , place a negative sign (or parentheses) in front of the amount entered for the particular Assi planations for changes to Stockholders’ Equity in the far right colu Assets Liabilities + Stockholders’ Equity Cash + Accounts Receivable + Equipment Accounts Payable Common Stock + Retained Earnings Revenues Expenses (1) $+3550 +20 70 tilties Expense ㄌㄣ