Question 4 Rani & Corporation received a cash advance of $500 from a customer. Goods will be delivered next week. As a result of this transaction a. only assets increased by $500 (Debited). b. only owner's equity increased by $500 (Credited). c. only liabilities decreased by $500 (Debited). d. Both assets and liabilities increased by $500 (Debited and Credited). a Ob only liabilities decreased by $500 (Debited). only assets increased by $500 (Debited). only equity increased by $500 (Credited). Both assets and liabilities increased by $500 (Debited and Credited). Od ho