Extracted text: est 2. Indicate the effects of each transaction on the space provided. Write the letter only. a. Increase in asset, decrease another asset. b. Increase an asset, increase a liability. Increase an asset, increase owner's equity. Decrease an asset, decrease a liability. Decrease an asset, decrease owner's equity. C. d. e. Cash received from delivery services, P92,700. Paid creditors on account, P20,000. Received cash from owner as additional investment, P600,000. Paid advertising expense, P5,000. Billed customers for delivery services on account, P55,200. Purchased supplies for cash, P6,000. Paid rent for January, P20,000. received cash from.customers on account, P25,440. Determined that the cost of supplies on hand was P1,440 so P4,650 of supplies were used during the month. 10. Owner withdrew cash for personal use, P20,000. 12845 6709