A References estigate $ 4 E-E-FA T rd have been disabled because it hasn't been activated. Activate 101 Mailings Review View Class Assignment September 14, 2023 Due by 11:59 p.m. R Paragraph F Accounting Assignment 9.14.2023 - Word (Unlicensed Product) Tell me what you want to do Help 15 % Speedy Delivery Service is owned and operated by Kris Meyers. The following selected transactions were completed by Speedy Delivery during March: 5 1. Received cash in exchange for common stock, $30,000. 2. Paid advertising expense, $3,500. 3. Purchased supplies on account, $2,500. 4. Billed customers for delivery services on account, $18,750. 5. Received cash from customers on account, $14,150. Indicate the effect of each transaction on the following accounting equation elements: Assets, Liabilities, Common Stock, Dividends, Revenue, and Expense. To illustrate, the answer to (1) follows: (1) Asset (Cash) increases by $30,000; Common Stock increases by $30,000. Search 16 Normal 6 T Y G|| & H 7 hp f8 No Spacing * J 8 H Heading 1 19.144 9 Styles K 21 U 1 O f10 Heading 2 W A Sydney f11 P