Using the following key, indicate how the following transactions affect the accounting equation: Record employee salaries that have been earned, but will be paid at a later date. A. Increase Assets and Increase SHE B. Increase Assets and Increase Liabilities C. Decrease Assets and Decrease Liabilities D. Increase in Liabilities and Decrease in SHE E. Decrease in Liabilities and Increase in SHE F. No effect on the accounting equation Which of the following statements best describes the effects of recognizing sales revenue earned by a business? A. Assets increase only when cash sales are made. B. Stockholders equity increases only when credit sales are made. C. Assets and stockholders' equity increase when either cash or credit sales are made. D. Assets increase but stockholders' equity decreases, when either cash or credit sales are made. E. There will be no effect on the accounting equation unless cash sales are made