Oriole Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $36,000 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $33,300 from Ladd on account. 3. Paid $3,800 cash for May rent on storage space. 4. Performed computer services worth $16,500 on account. 5. Performed computer services for Wharton Construction Company for $3,600 cash. 6. Paid Western States Power Co. $7,700 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,000 on account. 9. Received $10,000 cash from customers for contracts billed in (4). Using the following tabular analysis, show the effect of each transaction on the accounting equation.

Tabular analysis has three parts; (1) Assets, (2) liabilities and (3) equity section. Basic equation of it is Asset = Liabilities + equity. Every transaction entry would result to a balance analysis otherwise, it was entered incorrectly. The entry should always be balance because our accounting system requires dual entry means it requires a debit on what the company received and a credit on what the company has parted with.

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