eBook Calculator Transactions The selected transactions below were completed by Silverado Delivery Service during February: Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability. c. Increase in an asset, increase in owner's equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in owner's equity. 1. Received cash from owner as additional investment, $25,000. CV 2. Purchased supplies for cash, $750. a 3. Pald rent for February, $3,000. 4. Paid advertising expense, $1,500. e 5. Received cash for providing delivery services, $16,800. 6. Billed customers for delivery services on account, $32,500. Check My Work 1 more Check My Work uses remaining 9. Determined that the cost of supplies on hand was $275 and $475 of supplies had been used during the month. 10. Paid cash to owner for personal use, $5,000. Feedback Check My Work 1. The owner is the person who can 'invest in the company. Remember that the equality of the accounting equation must be maint this transaction 2. Remember that the equality of the accounting equation must be maintained while two accounts are affected by this transaction 3. The key word is paid. Remember that the equality of the accounting equation must be maintained while two accounts are affect 4. The key word is paid'. Remember that the equality of the accounting equation must be maintained while two accounts are affect 5. The key words are received cash. Remember that the equality of the accounting equation must be maintained while two account 6. 'Billed customers' means that services have been provided to the customer, who promises to pay later. Remember that the equal maintained while two accounts are affected by this transaction 7. Remember that the equality of the accounting equation must be maintained while two accounts are affected by this transaction 8. An exchange of assets occurs in this situation. Remember that the equality of the accounting equation must be maintained while Check My Work 1 more Check My Work uses remaining