What effect does payment on account have on the accounting equation? O Assets and stockholders' equity would decrease. O Assets would decrease and liabilities would increase. O Assets and liabilties would decrease. O Assets and liabilities would increase. What effect does collection on account from a customer have on the accounting equation? O Assets and stockholders' equity increase. O Total assets, liabilities, and stockholders' equity do not change. O Assets and liabilities increase. O Assets increase and liabilities decrease