The following selected transactions were completed by Lindbergh Delivery Service during October: 1. Received cash from issuing

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The following selected transactions were completed by Lindbergh Delivery Service during October: 1. Received cash from issuing capital stock, \($75,000\). 2. Paid rent for October, \($4,200\). 3. Paid advertising expense, \($4,000\). 4. Received cash for providing delivery services, \($39,750\). 5. Purchased supplies for cash, \($2,500\). 6. Billed customers for delivery services on account, \($81,200\). 7. Paid creditors on account, \($9,280\). 8. Received cash from customers on account, \($25,600\). 9. Determined that the cost of supplies on hand was \($900\); therefore, \($1,600\) of supplies had been used during the month. 10. Paid cash dividends, \($3,000\). Indicate the effect of each transaction on the accounting equation by listing the numbers 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 stockholders' equity.

d. Decrease in an asset, decrease in a liability.

e. Decrease in an asset, decrease in stockholders' equity.

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