Case 1: (2 marks) (0.5 each). 1- Fast Forward purchased $25,000 of equipment for cash. The Equipment asset account is for $25,000 and the cash account is for $25,000. 2- If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have 3- The Collection of Accounts Receivable will result in a(n). the accounting equation in balance. and to keep 4- If the assets of a business increased $89,000 during a period of time and its liabilities increased $67,000 during the same period, equity in the business must have