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For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements. The company purchases equipment with cash- The Equity account does the following A. Increase
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For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements.

The company purchases equipment with cash- The Equity account does the following

A. Increase
B. Decrease
C. No effect

User Ivan Fork
by
8.0k points

1 Answer

3 votes

Answer:

Decrease I think.

Sorry if it is wrong.

Hope it helped :)

User Hynek
by
6.7k points
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