The Accounting Equation for Ying Company Shows a Decrease in Its

Multiple Choice

The accounting equation for Ying Company shows a decrease in its assets and a decrease in its equity.Which of the following transactions could have caused that effect?

A) Cash was received from providing services to a customer.
B) The company paid an amount due on credit.
C) Equipment was purchased for cash.
D) A utility bill was received for the current month,to be paid in the following month.
E) Advertising expense for the month was paid in cash.