1. Which of the following is not possible when recording a transaction? A. Liabilities increase and assets decrease. B. Stockholders' equity increases and assets increase. C. One asset increases and another asset decreases. D. Stockholders' equity decreases and assets decrease. The following information pertains to Barry Corp.: 2. May1 Customer ordered an installation service to be done by Barry Corp.on May 15. May 2 Customer paid cash for the installation job to be done on May 15. The Barry Corp.purchased installation supplies on account for the job. May 8 May 15 The installation job was started and completed. May 20 Amount owed for supplies purchased on May 8 is paid. Assuming that Barry Corp.uses accrual-basis accounting, when would the company record the expense related to the supplies? A. May 2. B. May 8. C. May 15. D. May 20. A company received an order from a customer in June for services to be provided. Those services were provided in July, and the customer paid the full amount in August. According to the revenue recognition principle, in which month should the company record revenue? A. June B. July C. August. D. Evenly over the three months. 3