Slepoy Company opened a new flower store and completed the following transactions during September: 1. Shareholders invested $80,000 cash in exchange for common stock. 2. Purchased a delivery truck for $14,000 by making a $2,000 down payment, and signed a note payable for the balance. 3. Purchased $3,400 of flowers on the account. Paid $3,200 of the balance during the month. 4. Paid $1,200 for rent and wages. 5. Paid $2,400 for advertisements to be placed in the local newspaper for the month of October. How much will Flowers Co. report on its balance sheet as Total Assets on September 30?

- I cannot understand the 5. transaction. Isn't it decreasing cash? or it is a future benefit, so it can increase assets????