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:

Increase in an asset, decrease in another asset.

Increase in an asset, increase in a liability.

Increase in an asset, increase in owner's equity.

Decrease in an asset, decrease in a liability.

Decrease in an asset, decrease in owner's equity.

1. Received cash from owner as additional investment, $25,000.

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2. Purchased supplies for cash, $750.

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3. Paid rent for February, $3,000.

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4. Paid advertising expense, $1,500.

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5. Received cash for providing delivery services, $16,800.

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6. Billed customers for delivery services on account, $32,500.

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7. Paid creditors on account, $1,400.

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8. Received cash from customers on account, $23,770.

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9. Determined that the cost of supplies on hand was $275 and $475 of supplies had been used during the month.

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10. Paid cash to owner for personal use, $5,000.