Cross Country Delivery Service is owned and operated by Pedro Gonzalez. The following selected transactions were completed by Cross Country Delivery Service during May: Indicate the effect of each transaction on the accounting equation elements (Assets, Liabilities, Owner's Equity). Also indicate the specific item within the accounting equation element that is affected. To illustrate, the answer to (1) follows: (1) Asset (Cash) increases by $25,050; Owner's Equity (Pedro Gonzalez, Capital) increases by $25,050. Element 1. Received cash from owner as additional investment, $25,050. Asset Owner's Equity Item Cash Direction Increases Pedro Gonzalez, Capital Increases 2. Paid advertising expense, $6,750. 3. Purchased supplies on account, $2,920. 4. Billed customers for delivery services on account, $20,460. 5. Received cash from customers on account, $11,410.