For each transaction, indicate which two accounts are affected and which category each affected account belongs to (asset, liability or equity). Also indicate whether the account balance will increase or decrease as a result of each transaction. 1 A business provides services valued at $1,100 and sends an invoice to the client. The client has promised to pay in one month. 2 A business receives a deposit of $2,000 from a customer three months before services must be provided. 3 One month has passed since transaction #1 and the business receives a payment of $1,100 from the client. For each transaction, two accounts are affected. List Balance Sheet accounts first. If 2 Balance Sheet accounts are affected, list Cash first. Date Account affected Category Increase or Decrease 1 Answer Answer Answer Answer Answer Answer 2 Answer Answer Answer Answer Answer Answer 3