What is the effect of the following freight transaction on the element indicated? You bought inventory with shipping terms FOB destination. Shipping costs $115 cash. --- Assets Select one: a. increase b. no effect C. decrease d. increase to one and decrease to another What is the effect of the following business activity on the element indicated? Bought office supplies in exchange for cash, $79. --- Liabilities Select one: increase to one and decrease to another b. increase c. decrease d. no effect