Sheridan Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $44,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use for $31,800 from Ladd on account.
3. Paid $2,100 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 $6,300 cash.
6. Paid Western States Power Co. $8,400 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,500 on account.
9. Received $12,600 cash from customers for contracts billed in (4).

Required:
Show the effect of each transaction on the accounting equation.

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

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Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount