Shareholders inject capital into a company. Which answer best describes how this transaction would be reflected in the balance sheet? Select one: Cash increases and common stock increases Cash increases and liabilities increase Capital account increases No change in the overall level of assets BOOK Pre A customer who had previously bought a product on credit from a company, now pays their bill with cash. Which answer best describes how this transaction would be reflected in the company's balance sheet? Select one: Cash increases and accounts receivable increases Accounts receivable increase and sales increases No change in the overall level of assets Cash increases and sales increases The income statement helps best explain the change in which equity item on the balance sheet. Select one: Additional paid on capital Share capital Preference capital Retained earnings