4 of 113 complete HW Score: 6540% 731 01 SF1-10 (book/static) Elaine's Inflatables carns service revenue by providing party planning services and we playscapes estatales is red as a corporation. During the past and has the (Click the icon to view the Elaine's Inflatables transactions) Indicate the effects of the business transactions on the accounting equation for Elaine's Inflatables Transaction() is answered as a ge Use the following con Cash Accounts Receive the Payable. Common Stock Dividends, Service Revenue, Wages Expense Rent Expense, and Uses Expense a. Increase (Cash) Increase equity Common Stock b. Purchased equipment for 55.000 on account b. (Equipment Increase liability Accounts Payable) Decreases c. Pald 5400 for office supplies C. Increase asset (Supplies) d. Eamed and received $2.500 cash for service revenue d. Increase asset (Cash) Increase oqully (Service Revenue) . Pald $400 for wages to employees oose from any drop-down list and then click Check Answer More Info a. Received contributions of $10,000 in exchange for common stock b. Purchased equipment for $5,000 on account c. Paid $400 for office supplies. d. Earned and received $2,500 cash for service revenue. e. Paid $400 for wages to employees. f. Cash dividends of $1,000 were paid to stockholders. g. Earned $1,000 for services provided. Customer has not yet paid. h. Paid $1,000 for rent i. Received a bill for $250 for the monthly utilities. The bill has not yet been paid. Print Done