12. The entry to recognize work completed on previous unearned revenue transaction involves which of the following? A. An increase in assets and a decrease in liabilities B. An increase in liabilities and a decrease in equity C. A decrease in assets and a decrease in liabilities D. A decrease in liabilities and an increase in equity 13. The Billingham Company provide service for $1,000 on account. After this transaction has been recorded in T-accounts, the $1,000 would appear A. on the left side of the Receivable account. B. on the right side of the Receivable account. C. on the left side of the Accounts Payable account. D. on the left side of the Cash account. 14. The following is a random list of the accounts of Georgia Company: Accounts Cash 8,500 Receivable 2.350 Accounts Payable 1.850 Service Revenue 8600 Land 12.000 Retained Earrings 8.100 Operating Expenses 5.700 Common Stock 10.000 If these accounts were presented in a trial balance, the total of the credit column would be equal to A. $22,850. $28,050 C. $28,550. D. $29,050 15. Explain how the following general journal entry affects the accounting equation Supplies Accounts Payable 800 A. Both assets and equity increase. 11. Both liabilities and assets increase. C. Assets increase, and liabilities decrease. D. Liabilities increase and equity decreases.