tom earns service revenue by caring for the pets of customers. Tiny Town Kennel is organized as a corporation. During the past? month, Tiny Town Kennel has the following? transactions:Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel. Transaction? (a) is answered as a guide. Use the following? accounts: Cash, Accounts? Receivable, Accounts? Payable, Common? Stock, Dividends, Service? Revenue, Salaries? Expense, and Utilities Expense.Question content area bottomPart 1a. Received $ 520 cash for service revenue earned. ?(Transaction (a) is answered as a? guide.)a.Increase asset(Cash);Increase equity(Service Revenue) Part 2b. Paid $ 325 cash for salaries expense.b