QUESTION 26 On July 7, 2020, ABC Corporation received cash of $1,400 for services performed on that date. The entry to record this transaction will include O a. a credit to Service Revenue of $1,400. Ob.a credit to Retained Earnings of $1,400. Oc. a credit to Cash of $1,400. O d. a debit to Service Revenue of $1,400. QUESTION 27 t On July 7, 2019, ABC Corporation received cash of $1,400 for services performed on that date. The effect of this transaction on the balance sheet equation is to: Oa. increase total assets. O b.leave owners' equity unchanged. Oc. decrease total liabilities. O d. leave total assets unchanged.