Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list:
a. Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability.
b. Increase in an asset, increase in stockholders' equity.
c. Decrease in an asset, decrease in a liability.
d. Decrease in an asset, decrease in stockholders' equity.