using the following tabular analysis show the effect of each transaction on the acco 564080

McBride Company entered into these transactions during May 2010.

1. Purchased computers for office use for $30,000 from Dell on account.

2. Paid $4,000 cash for May rent on storage space.

3. Received $12,000 cash from customers for contracts billed in April.

4. Provided computer services to Brieske Construction Company for $5,000 cash.

5. Paid Southern States Power Co. $11,000 cash for energy usage in May.

6. Stockholders invested an additional $40,000 in the business in exchange for common stock of the company.

7. Paid Dell for the computers purchased in (1).

8. Incurred advertising expense for May of $1,000 on account.

Instructions

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the right hand margin.