Ullumber Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $40,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use for $30,600 from Ladd on account.
3. Paid $2,600 cash for May rent on storage space.
4. Performed computer services worth $20,000 on account.
5. Performed computer services for Wharton Construction Company for $3,500 cash.
6. Paid Western States Power Co. $7,200 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $2,500 on account.
9. Received $10,300 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

You and three friends will be going out to eat at your favorite restaurant! each of you will order three items of your choice. you will also need to leave a tip. if you split the bill evenly among all four of you, how much will each person need to contribute? locate a menu for your favorite restaurant and pick three items for yourself and each friend. list the restaurant name, items, and prices in a table like the one below. in the column labeled subtotal, determine the cost of each person’s order. the customary tip is 20% of the total bill. in the column labeled tip, calculate the amount of tip each person should leave. in the column labeled total bill, determine the total of each person’s order, including the tip. restaurant name: names item 1 price item 2 price item 3 price subtotal tip total bill your name friend #1 friend #2 friend #3 part 2: questions answer the following questions, showing all work: what is the total cost of the entire bill (all four meals), including tip? write an expression using fractions to show how to determine the amount that each person will pay. then calculate each person's contributions showing all steps in long division. if each person paid an equal amount, who would save the most money? explain your reasoning using at least two complete sentences.