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What effect would a sale on account to a customer have on the accounting equation? Assets and stockholders' equity would decrease. Assets would increase and stockholders' equity would decrease. Assets and stockholders' equity would increase. Total assets, liabilities, and stockholders' equity would not change. What effect does payment of rent for the current month have on the accounting equation? Assets and stockholders' equity would increase. Assets would decrease and stockholders' equity would increase. Assets and stockholders' equity would decrease. Total assets, liabilities, and stockholders' equity would not change