Question: ction. Under each category in the accounting equation, indicate whether the transaction: Analyze each transa A. increases, B. decreases, or C. has no effect. The

ction. Under each category in the accounting equation, indicate whether the transaction: Analyze each transa A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Received the phone bill and paid it the same day 7. Recorded salaries for the week, will pay next week. 8. Received payment from a customer for work we recorded and provided last month. Liability Asset Stockholders' Equity 6. 7. 8

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