Williams Travel Service performed travel booking services for a customer on account for $1,200. How would this transaction affect the accounting equation? Williams Travel Service performed travel booking services for a customer on account for $1,200. How would this transaction affect the accounting equation? ANSWER Assets would increase and liabilities would increase. Assets would increase and owner's equity would increase Assets would increase and liabilities would decrease. Assets would increase and owner's equity would decrease. I DON'T KNOW YET submit