4. Collins Computer Timeshare Company entered into the following transactions during May 2014 1. Purchased computer terminals for $20.000 from Digital Equipment on account. 2. Paid $3.000 cash for May rent on storage space. 3. Received $15,000 cash from customers for contracts billed in April. 4. Provided computer services to Schmidt Construction Company for $2.400 cash. 5. Paid Central States Power Co. $11,000 cash for energy usage in May. 6. Shareholders invested an additional $32,000 in the business. 7. Paid Digital Equipment for the terminals purchased in (1) above. 8. Incurred advertising expense for May of $900 on account. Instructions: Indicate with the appropriate letter whether each of the transactions above results in: (a) An increase in assets and a decrease in assets. (b) An increase in assets and an increase in equity. (c) An increase in assets and an increase in liabilities. (d) A decrease in assets and a decrease in equity. (e) A decrease in assets and a decrease in liabilities. (f) An increase in liabilities and a decrease in equity, (g) An increase in equity and a decrease in liabilities