Determine the effect of the listed transactions of Nikea Inc. on the accounting equation. Nikea Inc. provided advisory services to XYZ Inc. in May 2013. Nikea billed XYZ for $10,000 in the same month (May). The sales invoice shows that the amount will be due in June. B. What is the impact on XYZ's accounting equation in May, when it recorded the transaction as a debit to consultant expense for $10,000 and a credit to accounts payable for $10,000?