On January 1, 2020. Samford Company collected $6,000 in advance from a customer for services to be provided evenly over the next six months. If Samford prepares adjustments on January 31, the necessary adjustment would: O Increase assets and liabilities. O Decrease assets and increase stockholders' equity. Decrease liabilities and increase stockholders equity. Have no effect on the accounting equation. Logan Company pays their employees $1.000 a day for a five-day workweek, Monday thru Friday. The end of the accounting period, January 31, falls on a Wednesday. The employees have worked three days since the last payday. If Logan prepares adjustments on January 31, the necessary adjustment would: Increase liabilities and decrease stockholders' equity. Decrease liabilities and increase stockholders equity. O Have no effect on the accounting equation. O Decrease assets and stockholders' equity