JIT Delivery Service had the following selected transactions during November:

1. Received cash from issuance of common stock, $37,500.
2. Paid rent expense for November, $2,500.
3. Paid advertising expense, $1,500.
4. Received cash for providing delivery services, $17,250.
5. Borrowed $5,000 from Second National Bank to finance its operations.
6. Purchased a delivery van for cash, $12,500.
7. Paid interest on note from Second National Bank, $50.
8. Paid salaries and wages for November, $5,000.
9. Paid dividends, $1,000.

Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (9), in a vertical column, and inserting at the right of each number the appropriate letter from the following list:

1. Increase in an asset, decrease in another asset.
2. Increase in an asset, increase in a liability.
3. . Increase in an asset, increase in stockholders equity.
4. Decrease in an asset, decrease in a liability.
5. Decrease in an asset, decrease in stockholders equity.