on Due to growth in the past year, InstaChat Company hired a new accounting employee at an annual salary of $95,000. The impact of this transaction on the accounting equation is: Decrease in assets of $95,000 and increase in liabilities of $95,000 Increase in assets of $95,000 and increase in liabilities of $95,000 Increase in liabilities of $95,000 and increase in expenses of $95,000 Increase in liabilities of $95,000 and decrease in common stock of $95,000 O Not a recordable transaction