2. Ms. Noor Salim started her own consulting firm, Khalid Consulting, on May 1, 2018. The following transactions occurred during the month of May. 1. M.Noor Salim invested $14,000 cash in the business 2. Purchased office fumiture $3,000 on account 3. 2 Pad office rent for the month $1,000 + Purchased $600 of supplies on account 5- Pand $250 to advertise in the County News 6- Received 54.000 cash for services provided 7. Withdrew $1,000 cash for personal use 8. Performed $3,400 of services on account 9. Paid $2,500 for employee salaries 10-Paid full amount for the supplies purchased on account in transaction no.4. Instructions: Indicate with the appropriate letter whether each of the transactions above results in (3) An increase in assets and a decrease in assets (b) An increase in assets and an increase in owner's equity () An increase in assets and increase in liabilities (d) A decrease in assets and a decrease in owner's equity (e) A decrease in assets and a decrease in liabilities (1) An increase in liabilities and a decrease in owner's equity