Daniels Company is owned and operated by Thomas Daniels.The following selected transactions were completed by Daniels Company during the first days of May:

1stMay. Received cash from owner as additional investment, $55,000.

2ndMay. Paid creditors on account, $7,000.

3rdMay.Billed (send an invoice to) customers for services on account, $2,565.

4thMay. Received the utility bill, $160, to be paid next month.

Indicate the effect of the 1stand 2ndMay transaction on the worksheet, increase or (decrease - in brackets)