A business receives a $600 hydro bill, payable in a month. If they use accrual base accounting, how does the transaction elled Assets Liabilities, and/or Owners' Equity? O a Liabilities increase and Owners' Equity decrease Ob Assets and Liabilities both decrease Assets and Owners' Equity both decrease Od Liabilities and Owners' Equity both decrease A five-year depreciable asset cost $10,000 and had a residual value of $1,000. What is the balance of its accumulated depredation account at the end of the second year, using straight-line depreciation Select one: O a $4,000 b. $3,600 Oc$6,000 Od $5,400