During March, Perpetual Envy Inc. provides $20,000 in consulting services for a customer. The customer paid $10,000; the other $10,000 was on account. Which of the following statements about these transactions is correct? Multiple Choice Cash increases by $10,000, Accounts Receivable increases by $10,000, and Consulting Revenue increases by $20,000. Cash increases by $10,000, Consulting Revenue increases by $10,000, and Accounts Receivable increases by $20,000. Revenues increase by $10,000, liabilities decrease by $10,000, and stockholders' equity is unchanged. Accounts Receivable increases by $10,000, Liabilities decrease by $10,000, and Stockholders' Equity increases by $20,000. On January 31, your company prepays rent of $13,250 for February and March. Which of the following describes the effects of this transaction on your company's accounting equation? Multiple Choice Liabilities decrease $13,250 and stockholders' equity increases $13,250. Assets increase $13,250 and stockholders' equity increases $13,250. Assets decrease $13,250 and liabilities decrease $13,250. There is no change to total assets, liabilities or stockholders' equity