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  3. please help. ex 1-12 transactions obj. 4 the fol

Please Help. EX 1-12 Transactions OBJ. 4 The following selected transactions were completed...

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Accounting

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EX 1-12 Transactions OBJ. 4 The following selected transactions were completed by Silverado Delivery Service during February: 1. Received cash from owner as additional investment, $25,000. 2. Purchased supplies for cash, $750. 3. Paid rent for February, $3,000. 4. Paid advertising expense, $1,500. 5. Received cash for providing delivery services, $16,800. 6. Billed customers for delivery services on account, $32,500. 7. Paid creditors on account, $1,400 8. Received cash from customers on account, $23,770 9. Determined that the cost of supplies on hand was $275 and $475 of supplies had been used during the month. 10. Paid cash to owner for personal use, $5,000. Indicate the effect of each transaction on the accounting equation by listing the num bers identifying the transactions, (1) through (10), in a column and inserting at the right of each number the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability c. Increase in an asset, increase in owner's equity. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in owner's equity

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