Interstate delivery service is owned and operated by katie wyer. the following selected transactions were completed by interstate delivery service during may: select the accounting equation elements (assets, liabilities, owner's equity) affected by the transaction. then, in the "direction" column, select the impact ("increases" or "decreases") on the accounting equation element. lastly, select the specific account within the accounting equation element that is affected. to illustrate, the answer to (1) follows: (1) asset (cash) increases by $18,000; owner's equity (katie wyer, capital) increases by $18,000.