Indicate the effect each of the following transactions has on the accounting equation (i.e., assets, liabilities, and equity). Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all.

Group of answer choices

1. Provided services for a customer. The customer did not pay for these services, but agreed to pay the balance due within thirty days.

2. On June 30 received a $5000 bill for advertising done in June. $3,000 was paid immediately with the remaining $2,000 due next month