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On September 1, 2015, Richard started a small business called Ricky Rock Wrestling for Fun. Ricky Rock offers a party package designed for active kids,

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On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package designed for active kids, teen and adults that want to learn and practice wrestling activities for fun by learning how to perform headlocks, leg scissors and other tricks. The following transaction occurred during the first month of operations, please indicate what's the effect on the accounting equation: Amount Ints September Description 19 & 20 Fourth event organized and delivered. Provided one of the activities of a 'corporate team building extravaganza weekend. The contract signed says the payment will be effective in 30 days with a cheque. $2,000 Multiple Choice O Decrease assets and decrease liabilities O None of the other alternatives are correct O Increase assets and increase liabilities O Increase and decrease assets Mc Graw

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