A company purchases equipment for $15,000 by paying $5,000 in cash and the remaining amount on credit. How does this transaction affect the accounting equation in terms of debits and credits? A company purchases equipment for $15,000 by paying $5,000 in cash and the remaining amount on credit. How does this transaction affect the accounting equation in terms of debits and credits? Debits: Equipment $10,000; Cash $5,000; Credits: Accounts Payable $15,000. Debits: Equipment $15,000; Cash $5,000; Credits: Accounts Payable $10,000. Debits: Equipment $10,000; Cash $10,000; Credits: Accounts Payable $5,000. Debits: Equipment $15,000; Cash $5,000; Credits: Accounts Payable $5,000