W. S. Blaskowski Foodservices entered into the following transactions during May 2008.

1. Purchased kitchen equipment for $30,000 from General Appliances on account.

2. Paid $3,000 cash for May rent.

3. Received $5,000 cash from customers for services billed in April.

4. Provided services to the Osbornes’ 50th wedding anniversary.

5. Paid World Web Services $5,000 cash for adverstising in May.

6. Stockholders invested an additional $50,000 in the business.

7. Paid General Appliances for the equipment purchased in transaction (1).

8. Incurred consulting expense for May of $2,000 on account.

Indicate with the appropriate letter whether each of the preceding transactions results in

(a) An increase in assets and a decrease in assets.

(b) An increase in assets and an increase in stockholders’ equity.

(c) An increase in assets and an increase in liabilities.

(d) A decrease in assets and a decrease in stockholders’ equity.

(e) A decrease in assets and a decrease in liabilities.

(f) An increase in liabilities and a decrease in stockholders’ equity.

(g) An increase in stockholders’ equity and a decrease in liabilities.