Which of the following is true when an investor invests cash in Jimenez Corporation? Assets increase and liabilities increase Assets increase and liabilities decrease OO Assets decrease and equity decreases Assets increase and equity increases Llabilities increase and equity decreases Probst Company's liabilities were $20,000 lower at the end of the year. Probst's equity was $15,000 higher at the end of the year. This means that during the year: Assets decreased $35,000 Assets increased $5,000 Assets decreased $5,000 Assets increased $35,000 Calculate Discount Dan Company's liabilities given the following information: Cash Buildings Land Stockholders' Equity $ 5,000 80,000 20,000 55,000 $35,000 $160,000 $50,000 $25,000 $105,000 Question 12 (2 points) At the beginning of August, Accounts Recelvable has a normal balance of $30,000. During August, the company collected $12,000 from customers on account and provided additional services to customers on account totaling $9,000. Additionally, during August, a customer paid $4,000 for services to be provided in the future. At the end of August, the balance in the accounts receivable account should be: $31,000 $27,000 $22.000 8 $33,000 9: $3,000 10