Use the following to answer Questions 33 through 573 Watch the effect on the accounting equation listed below to the transactions listed in questions 33 through 37 will have. Each letter may be used more than once. Effect on the Accounting Equation: a. Increase assets, increase liabilities b. Increase liabilities, decrease owner's equity c. Increase assets, increase owner's equity d. No effect Decrease assets, decrease owner's equity Transactions: 33. Received cash for services provided. 34. Paid cash for the purchase of a one-year insurance policy (prepaid insurance). 35. Owner withdrew cash from the business. 36. Owner invested cash into the business. 37. Purchased equipment for cash