Listed below is information related to several transactions of Life-Long Fitness, a gym that sells memberships. Assume that Dec, 1 Dec. 2 Dec. 5 Dec. 16 Dec. 20 The company acquired land for $100,000 issuing a note payable. Memberships for December were sold on account for $50,000. Equipment is acquired for $30,000cash Salaries for the first half of December amounting to $10,000 were paid in cash Utilities for the first half of December were recorded in the amount of $5,000, and will be paid on January 2 . What is the effect on the accounting equation of the Dec. 5 transaction