If a company receives $10,900 from a client for services provided, the effect on the accounting equation would be: Multiple Choice Assets decrease $10,900 and equity decreases $10,900. Assets increase $10,900 and liabilities decrease $10,900. Assets increase $10,900 and liabilities increase $10,900. Liabilities increase $10,900 and equity decreases $10,900. Assets increase $10,900 and equity increases $10,900