Below are transactions for Lobos, Incorporated, during the month of December. Determine whether each transaction increases,...

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Below are transactions for Lobos, Incorporated, during the month of December. Determine whether each transaction increases, decreases, or has no effect on assets, liabilities, and revenues in December. a. Receive $1,200 cash from customers for services to be provided next month. b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month. c. Perform $2,300 of services during the month and receive full cash payment from customers at the time of service. Assets (a) (b) (c) Liabilities Revenues Below are transactions for Lobos, Incorporated, during the month of December. Determine whether each transaction increases, decreases, or has no effect on assets, liabilities, and revenues in December. a. Receive $1,200 cash from customers for services to be provided next month. b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month. c. Perform $2,300 of services during the month and receive full cash payment from customers at the time of service. Assets (a) (b) (c) Liabilities Revenues