Page 1: Question 3 (1 point) The receipt of cash in advance from a customer 1) increases assets and stockholders' equity. O 2) increases assets and decreases stockholders' equity. O 3) increases assets and liabilities. O4) none of these answer choices are correct. Question 4 (1 point) The payment of a liability 1) decreases assets and stockholders' equity. O 2) increases assets and decreases liabilities. 3) decreases assets and increases liabilities. 4) decreases assets and liabilities. Question 5 (1 point) MacBook Air 80 888 # 4 CO