Question 39 (1 point) A company performed $130,000 of services for cash. As a result Total liabilities and total stockholders' equity increased. Total liabilities decreased and total stockholders' equity increased. Total assets and total stockholders' equity increased. There is no effect on total assets, total liabilities, or total stockholders' equity. Question 40 (1 point) Which of the following types of accounts increase with debits and decrease with credits? Assets Revenues Stockholders' Equities Liabilities Question 38 (1 point) Bonds Payable are shown on the Balance Sheet as Stockholders' Equity A long-term liability O A current asset A long-term asset