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.

Signed a contract with a new customer to provide $$6,000$ of services in the future.

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 $)$

Purchase $$800$ of office supplies on account.

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 owners were paid $$900$ of dividends in cash.

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 $)$

Collected $$600$ of accounts receivable from 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 $)$