Indicate the effect each of the following transactions has on the accounting equation (ie, 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. Received cash from a customer for services [Choose] to be performed in the next month [ Choose Sold inventory to a customer for $35,000 assets - decrease; liabilities = increase; equity = decrease cash. The inventory had a cost of $20,000 assets = no effect; liabilities = increase; equity = decrease Collected cash from a customer in June for assets = increase: liabilities = no effect; equity = increase services that had been performed in March assets = increase; liabilities - increase, equity = no effect assets - no effect; liabilities = no effect: equity = no effect assets = increase; liabilities = no effect; equity = no effect Question 7 assets = no effect; liabilities = decrease; equity = increase pts assets = decrease; liabilities = no effect; equity = no effect on September 30, 2026, 115-119 Company boassets = decrease; liabilities = no effect: equity = decrease a 6%, 18-month note payable. The amount of Interest expense D