E1-7 Collins Computer Timeshare Company SA entered into the following transactions during May 2017. 1. Purchased computer terminals for R$20,000 from Digital Equipment on account. 2. Paid R$3,000 cash for May rent on storage space.+ 13 13 7 pa 3. Received R$ 14,000 cash from customers for contracts billed in April. a 4. Performed computer services for Schmidt Construction Company for R$2,400 cash. 5. Paid Central States Power Co. R$ 11,000 cash for energy usage in May. 6. Shareholders invested an additional R$32,000 in the business. 7. Paid Digital Equipment for the terminals purchased in (1) above. e 8. Incurred advertising expense for May of R$1,100 on account. b 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 equity. (c) An increase in assets and an increase in liabilities. (d) A decrease in assets and a decrease in equity. (e) A decrease in assets and a decrease in liabilities. (f) An increase in liabilities and a decrease in equity. (g) An increase in equity and a decrease in liabilities