5. Falske Computer Timeshare Company entered into the following transactions during May 2017. 1. Purchased computers for $20,000 from Digital Equipment on account. 2. Paid $4,000 cash for May rent on...

Extracted text: 5. Falske Computer Timeshare Company entered into the following transactions during May 2017. 1. Purchased computers for $20,000 from Digital Equipment on account. 2. Paid $4,000 cash for May rent on storage space. 3. Received $17,000 cash from customers for contracts billed in April. 4. Performed computer services for Viking Construction Company for $4,000 cash. 5. Paid Tri-State Power Co. $11,000 cash for energy usage in May. 6. Falske invested an additional $29,000 in the business. 7. Paid Digital Equipment for the computers purchased in (1) above. 8. Incurred advertising expense for May of $1,200 on account. Analyse the above transactions with the extended accounting equation.