The following selected transactions were completed by Pilgrim Delivery Service during July: 1. Received cash from issuing capital stock, $115,000. 2. Received cash for providing delivery services, $58,000. 3. Paid advertising expense, $2,000. 4. Paid creditors on account, $4,800. 5. Billed customers for delivery services on account, $31,250. 6. Purchased supplies for cash, $800.

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7. Paid rent for July, $3,000. 8. Received cash from customers on account, $10,740. 9. Determined that the cost of supplies on hand was $135; therefore, $665 of supplies had been used during the month. 10. Paid dividends, $1,500. 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.