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Brandon Computer Timeshare Co. entered into the following transactions during May 2010: 1. Purchased computer terminals for $20,000 fromDigital Equipment on Account 2. Paid $4,000

Brandon Computer Timeshare Co. entered into the following transactions during May 2010: 1. Purchased computer terminals for $20,000 fromDigital Equipment on Account 2. Paid $4,000 cash for May rent on storage space 3. Received $15,000 cash fromcustomers for contracts billed in April 4. Provided computer services to Fisher Construction Co. for $3,000 cash 5. Paid Northern States Power Co. $11,000 cash for enery useage in May 6. Brandon invested an additional $$32,000in the business 7. Paid Digital Equipment for the terminals purcased in (1) above 8. Incurred advertising expense for May of $1,200 on account INSTRUCTIONS: - Indicate with the appropriate letter whether each of the transactions above result 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 ian 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 Thank you

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