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Analyze the Effect of Transactions on Assets, Liabilities, and Equity Georgia Corporation entered into the following transactions during May. Purchased computer terminals for $ 2

Analyze the Effect of Transactions on Assets, Liabilities, and Equity
Georgia Corporation entered into the following transactions during May.
Purchased computer terminals for $20,000 from TSM company on account.
Paid TaiYen Power Company $11,000 cash for energy usage in May.
Received $14,000 cash from customers for contracts billed in April.
Shareholders invested an additional $32,000 in the business.
Paid $3,000 cash for May rent on storage space.
Performed computer services to Starwood Recreation Corporation for $2,400 cash.
Paid TSM Company for the terminals purchased in (1) above.
Incurred advertising expense for May of $1,100 on account.
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.
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