Use the following to answer questions 6 8 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item {a} is provided as an example. [a] Provided services to a customer on account. (Revenue increases ca using Stockholders' Eq uitv to increase, Assets increase, and no effect on Liabilities]. 6. Received phone bill, will pay next week. 7. Received cash for the interest earned on an investment. 8. Borrowed cash from a financial institution. Asset Liability:r Stockholders' Equity