ansactions on quity. ties, and equity. For example, E1.7 (LO 4) 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. anolfountant 6. Shareholders invested an additional R$29,000 in the business in exchange for ordinary shares. 7. Paid Digital Equipment for the computers purchased in (1) above. 8. Incurred advertising expense for May of R$1,200 on account. doemsil Instructions Indicate with the appropriate letter whether each of the transactions above results in: a. An increase in assets and a decrease in assets. ats and an increase e. A decrease in assets and a decrease in liabilities. f. An increase in liabilities and a decrease