6:07 PM & The following transactions represent part of the activities of Lyon Company for the first month of its existence. Indicate the effect of each transaction upon the total assets of the business by one of the following phrases: 1. increased total assets, 2. decreased total assets, or 3. no change in total assets. Paid the first month's utility bill. Choose... The company purchased Inventory for cash Choose.. The company collects some of its outstanding receivables Choose... . Purchased a computer for cash. Choose