Question: 2 Moving to another question will save this response Question 37 uestion 37 5 points Se During Year 2. Millstone Company provided $6,500 of services

 2 Moving to another question will save this response Question 37

2 Moving to another question will save this response Question 37 uestion 37 5 points Se During Year 2. Millstone Company provided $6,500 of services for cash, paid cash dividends of $1,000 to owners and paid $4.000 cash for expenses. Liabilities were unchanged. Which of the following statements accurately describes the effect of these events on the elements of the company's financial statements? Assets increased by $6.500. Assets increased by $1.500. Equity increased by $2.500 Assets increased by 55.500

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