Collins Computer Timeshare entered into the following transactions during May 2020.

1. Purchased computers for R$20,000 from Digital Equipment on account.

2. Paid R$4,000 cash for May rent on storage space.

3. Received R$17,000 cash from customers for contracts billed in April.

4. Performed computer services for Viking Construction for R$4,000 cash.

5. Paid Tri-State Power R$11,000 cash for energy usage in May.

6. Collins invested an additional R$29,000 in the business.

7. Paid Digital Equipment for the computers purchased in (1) above.

8. Incurred advertising expense for May of R$1,200 on account.

Instructions
Indicate with the appropriate letter whether each of the transactions above results in:
a. An increase in assets and a decrease e. A decrease in assets and a decrease in assets. in liabilities.
b. An increase in assets and an increase f. An increase in liabilities and a decrease in owner’s equity. in owner’s equity.
c. An increase in assets and an increase g. An increase in owner’s equity and a in liabilities. decrease in liabilities.
d. A decrease in assets and a decrease in owner’s equity.