B. Choose from the choices below the effect of the transactions listed. Write the letter of your answer on the blank. a. Increase in assets - increase in capital b. Increase in assets increase in liabilities c. Decrease in assets - decrease in capital d. Decrease in assets - decrease in liabilities e. Increase in one asset decrease in another form of an asset Transactions: 38 1. The owner of the business contributed cash of Php200,000. 2. The business entity rendered services to the customer on account- Php20,000. 3. Purchase office supplies on account, Php3,500 4. Received proceeds of bank loan from Bank X, Php500,000 5. Paid the salaries of the employees 6. Paid the rental for one year in advance, Php120,000 7. Partial collection of accounts from item no. 2, Php8,000 _8. Paid taxi fare expense going to the customer to settle complaints on the services rendered last month, Php200 19. Received a promissory note Php12,000 from a customer in payment of the services rendered 10. The owner withdraw Php 1,000 for personal use going to customer