The following selected transactions were completed by On Time Delivery Service during May:

1. Received cash from customers, \($6,250\).

2. Paid creditors, \($250\).

3. Received cash for capital stock, \($25,000\).

4. Paid advertising expense, \($625\).

5. Paid interest on note payable, \($1,000\).

6. Purchased supplies for cash, \($750\).

7. Paid rent for July, \($2,500\).

8. Borrowed \($15,000\) from a local bank.

9. Determined that all supplies were used during the month.

10. Paid cash dividends, \($1,000\).

Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10), in a vertical 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 owners’ equity.

d. Decrease in an asset, decrease in a liability.

e. Decrease in an asset, decrease in owners’ equity.