S1-9 (book/static) Question Help Tiny Town Kennel earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past month, Tiny Town Kennel has the following transactions (Click the icon to view the Tiny Town Kennel transactions.) Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel. Transaction (a) is answered as a guide a. Received $520 cash for service revenue earned a. Increase assof (Cash) Increase equilty (Service Rovan) b. Paid $325 cash for salaries expense. b. Decrease asset (Cash) Decrease equity (Salaries Expense) c. Investors contributed $1,000 to the corporation in exchange for common stock C. Increase equity (Common Stock) Increase asset (Cash) d. Earned $640 for service revenue, but the customer has not paid Tiny Town Kennel yet d. Increase equity Accounts Receivable