CS Students Home student email Untitled documen... Sint Question 3 The following entry was recorded in the books of Brighty Company. Nov. 3 Customer Refund Payable 120 Accounts Receivable Tillet Inc. Granted customer an allowance. 120 What is the impact of this entry on the accounting equation? an increase in Assets and an increase in Liabilities a decrease in Assets and a decrease in Equity an increase in Assets and an increase in Equity a decrease in Assets and a decrease in Liabilities