(Solved): Indicate the effect each of the following transactions has on the accounting equation (i.e., asset ...

Indicate the effect each of the following transactions has on the accounting equation (i.e., assets, liabilities, and equity). Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all. The company purchased office supplies for \( \$ 1,900 \) cash. The company performed \( \$ 3,000 \) of delivery services for a customer who agreed to pay next month. The company received \( \$ 5,000 \) cash for services to be performed for a customer next month. [ Choose] assets decrease; liabilities decrease; equity decrease assets no effect; liabilities no effect; equity no effect assets decrease; liabilities no effect; equity decrease assets increase; liabilities no effect; equity increase assets increase; liabilities increase; equity increase assets no effect; liabilities increase; equity decrease assets decrease; liabilities decrease; equity no effect assets increase; liabilities increase; equity no effect assets no effect; liabilities decrease; equity increase