5. A company received a $72,000 payment for services to be performed over the next few months. What is the effect of this transaction on the current year's accounting equation? A) No effect on Assets; $72,000 decrease in Liabilities; 72,000 increase in Stockholders' Equity B) $72,000 increase in Assets; $72,000 increase in Liabilities; No effect on Stockholders' Equity C) $72,000 increase in Assets; No effect on Liabilities; $72,000 increase in Stockholders' Equity D) No effect on Assets; $72,000 increase in Liabilities; $72,000 decrease in Stockholders' Equity Show this transaction using a journal entry. Debit Credit 6. A company received $33,000 cash in exchange for 200 shares of the company's common stock. What would the effect of this transaction on the current year's accounting equation? A) No effect on Assets; $33,000 decrease in Liabilities; $33,000 increase in Stockholders' Equity B) $33,000 increase in Assets; $33,000 increase in Liabilities; No effect on Stockholders' Equity C $33,000 increase in Assets; No effect on Liabilities; $33,000 increase in Stockholders' Equity D) No effect on Assets; $33,000 increase in Liabilities; $33,000 decrease in Stockholders' Equity Show this transaction using a journal entry. Debit Credit 2