A company purchases $10,000 of inventory on account (terms n/30). Select the answer that best describes the overall impact on the accounting equation. A company purchases $10,000 of inventory on account (terms n/30). Select the answer that best describes the overall impact on the accounting equation. One asset account increases and another asset account decreases. An asset account increases and a liability account decreases. An asset account increases and a liability account increases. An asset account increase and an expense account increases

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