NOTE: this question is worth $3$ points

BigDog Company had the following two transactions:

Purchased $$10,000$ of supplies on account $($in other words, it will pay for the

supplies in the next period$)$

Received $$50,000$ cash from clients for services it has promised to provide them in

the next accounting period

What is the effect of these two transactions together? SELECT ALL THAT APPLY.

Assets increased

Assets decreased

Liabilities increased

Liabilities decreased

Common stock increased

Revenues increased

Expenses increased

Dividends increased