91Ó°ÊÓ

Determine the missing amount for each of the following: \(\begin{aligned} \text { a. } & \mathrm{X} &=\$ 85,000+& \$ 215,600 \\ \text { b. } & \$ 93,500 &=\mathrm{X}+& 6,150 \\ \text { c. } & 42,500 &=11,275+& \mathrm{X} \end{aligned}\)

The following selected transactions were completed by Pilgrim Delivery Service during July: 1\. Received cash from owner as additional investment, \(\$ 115,000\). 2\. Received cash for providing delivery services, \(\$ 58,000\). 3\. Paid advertising expense, \(\$ 2,000\). 4\. Paid creditors on account, \(\$ 4,800\). 5\. Billed customers for delivery services on account, \(\$ 31,250\). 6\. Purchased supplies for cash, \(\$ 800\). 7\. Paid rent for July, \(\$ 3,000\). 8\. Received cash from customers on account, \(\$ 10,740\). 9\. Determined that the cost of supplies on hand was \(\$ 135\); therefore, \(\$ 665\) of supplies had been used during the month. 10\. Paid cash to owner for personal use, \(\$ 1,500\). Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10), in a column, and inserting at the right of each number the appropriate letter from the following list: a. Increase in an asset, decrease in another asset. b. Increase in an asset, increase in a liability. c. Increase in an asset, increase in owner's equity. d. Decrease in an asset, decrease in a liability. e. Decrease in an asset, decrease in owner's equity.