Question: 4. What is the effect on the accounting equation when a company receives $2,500 deposit for work to be completed in the future? (note which

4. What is the effect on the accounting equation when a company receives $2,500 deposit for work to be completed in the future? (note which account below will increase or decrease and by how much) Assets = Liabilities + Stockholders' Equity 5. What is the effect on the accounting equation when a company borrows $25,000 from the bank to finance operations? (note which account below will increase or decrease and by how much) Assets = Liabilities + Stockholders' Equity Use the following selected data for ABC Co. to answer the next 3 questions

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