NOTE: The questions are multi-selection questions. For each business activity choose ALL that apply Question 242 point Hired a new employee who will be paid $400 per week. They startnext month al increase equity Increase abilities Decrease abilities 4) Decease equity This is an event, not a transaction Decrease assets Increase assets Question 252 points) Purchased $500 of supplies on account al This is an event, not a transaction Decrease assets Decrease equity Increase assets Decrease abilities Increase abilities Increase equity Question 26 (2 points) Collected $1,100 of accounts receivable from a customer al increase assets Increase abilities This is an event, not a transaction Decrease equity el Decreases Increase equity Decrease abilities Question 27 (2 point Provided services to a customer worth $1.250, account al Decrease assets d Decrease liabilities This is an event, not a transaction Increase bites On Decrease equity Increase equity