* which of the following transaction will increase on asseto account and increase liability Account ? a service on account for a customer Prepaying insurance for the next the month a performing 12 b C. collecting cash for a centomen on an account * Receivable. d. Purchasing sepplyes on account. *which of the following circumstances wald resort in a decrease in net income under the cash basis but would not result in a decrease in net income under the account barin? a. The payment of the next monthin rent in advance b. The payment of the curnent months utility bill c. The use of prepaid rent. d. The purchase of inventory on Account