Falske Computer Timeshare Company entered into the following transactions during May 2022. Describe the effect of each transaction on assets, liabilities, and owner's equity. 1. Purchased computers for $20,000 from Digital Equipment on account. 2. Paid $4,000 cash for May rent on storage space. 3. Received $17,000 cash from customers for contracts billed in April. 4. Performed computer services for Viking Construction Compaw for st,000 cad 5. Paid Tri-State Power Ca $11,000 cash for enerby wast in Mank 6. Falske invested an additional $29,000 in the business. 7. Paid Digital Equipment for the computers purchased in (1) above 8. Incurred advertising expense for May of $1,200 on account. Duters for $20,000 from Digital Equipment on account. Adecrease in assets and a declyase in Nabilied A decrease in assets and a decrease in labilitios An increase in llabilities and a decrease irownerit edowt. An increase in assets and a decretse iet asset h for May rent on storage space. An increase in assets and an increase in owner secusty. An increase in owneris eqquiry and a decrease in labitition Antincrease in axsete and an increzse in liabicia A decrease in assets anda dectesse in awher y equicy 00 cash from customers for contracts billed in April. aputer services for Viking Construction Company for $4,000 cash