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January 2020. a/b/s/d/e/f/g 1. Invested $10,000 cash in the business. 2. Purchased a used car for $4,000 cash for use in business. 3. Purchased supplies on account for $500. 4. Performed service to the customer for $2,100 on the account. 5. Paid $350 cash for advertising. 6. Received $700 cash from customers billed on January 4. 7. Paid creditor $300 cash on the balance owed. 8. Withdrew $1,000 cash for personal use by the owner. 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 owner's equity. (c) An increase in assets and an 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. (f) An increase in liabilities and a decrease in owner's equity. (g) An increase in owner's equity and a decrease in liabilities