Manor Ltd$.$ records their business transactions into the basic accounting equation.$$

For each of the following independent$$business activities, indicate the effect on the basic accounting equation.$$ Rent of $$1,800,$ which was paid in March, was used in April.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

I. Decrease liabilities, decrease equity$$

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.

Enter the correct LETTER choice $($A$$ B$$ C$$ D$$ E$$ F$$ G$$ H$$ I$$ J$$ K$$ L$$ M$$ N $)$

The company received $$875$ of cash from a customer for services to be performed next month.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

I. Decrease liabilities, decrease equity$$

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.

Enter the correct LETTER choice $($A$$ B$$ C$$ D$$ E$$ F$$ G$$ H$$ I$$ J$$ K$$ L$$ M$$ N $)$

Received a electricity bill on July $31$ for $$780.$ The bill will be paid in early August.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

I. Decrease liabilities, decrease equity$$

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.

Enter the correct LETTER choice $($A$$ B$$ C$$ D$$ E$$ F$$ G$$ H$$ I$$ J$$ K$$ L$$ M$$ N $)$

Provided $$2,460$ of services, on account, to a customer.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

I. Decrease liabilities, decrease equity$$

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.

Enter the correct LETTER choice $($A$$ B$$ C$$ D$$ E$$ F$$ G$$ H$$ I$$ J$$ K$$ L$$ M$$ N $)$

In August provided $$760$ of services to a customer who paid in advance in July.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

I. Decrease liabilities, decrease equity$$

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.

Enter the correct LETTER choice $($A$$ B$$ C$$ D$$ E$$ F$$ G$$ H$$ I$$ J$$ K$$ L$$ M$$ N $)$