EX 1-12 Transactions Obj. The following selected transactions were completed by Cota Delivery Service during July: 1. Received cash in exchange for common stock, $35,000. Purchased supplies for cash, S1,100 3. Paid rent for October, 4. Paid advertising expense, $900. 5. Received cash for providing delivery services, $33,000, 6. Billed customers for delivery services on account, $58,000 7. Paid creditors on account, $2,900. 8. Received cash from customers on account, $27.500. 9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month. 10. Paid cash dividends, $2,500 Indicate the effect of each transaction on the accounting equation by listing the numbers iden- tifying the transactions, (1) through (10), in a column, and inserting at the right of each number 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 stockholders' equity d. Decrease in an asset decrease in a liability, Decrease in an asset decrease in stockholders'equity