choose the correct answer

#1: - purchased furniture on account: -

- Asset and liability accounts increased

- Asset accounts both increased and decreased

- Assets and owners equity accounts increased

- Assets and owners equity accounts decreased

- No change in accounts

#2: - customers purchased services for cash: -

- Asset and liability accounts increased

- Asset accounts both increased and decreased

- Assets and owners equity accounts increased

- Assets and owners equity accounts decreased

- No change in accounts

#3: - Paid declared dividends to shareholders: -

- Asset and liability accounts increased

- Asset accounts both increased and decreased

- Assets and owners equity accounts increased

- Assets and owners equity accounts decreased

- No change in accounts

#4: - Company signed supply contract with new supplier: -

- Asset and liability accounts increased

- Asset accounts both increased and decreased

- Assets and owners equity accounts increased

- Assets and owners equity accounts decreased

- No change in accounts

#5: - purchased inventory on account: -

- Asset and liability accounts increased

- Asset accounts both increased and decreased

- Assets and owners equity accounts increased

- Assets and owners equity accounts decreased

- No change in accounts