courses/29995/quizzes/123115/take Indicate the effects on the accounting equation of the following business transactions of Garland Service Corporation for b) to d) below. Use proper account titles. Transaction a) is answered as a guide. a) Received cash from Trent Garland issued common stock to him. Answer: Increase asset (Cash); Increase equity (Common Stock) b) Collected cash on accounts receivable (created 20 days earlier). c) Purchased office supplies on account. d) Paid cash for the current month's electric bill. HTML Editor BI A - A - IX E X'X, DES V c MAY 12pt Paragra