Choose only right answer

Choose the correct answer regarding the effect of the following transaction on the accounting equation:

a company buys equipment for $60,000, pays one-third in cash and the other two-thirds will be paid by a note payable. Question options:

Total assets increase by $60,000

Cash decreases by $60,000

Hardware increases by $20,000

Liabilities increase by $40,000

2) On March 03, 2023, Company S purchased 10,000 units of goods on credit from its supplier at a unit price of $3. The company applies the perpetual inventory method. In the newspaper, you must: Question options:

Debit inventory of goods for $10,000 and credit vendor for $10,000

Debit purchase of goods for $30,000 and credit vendor for $30,000

Debit merchandise inventory for $30,000 and credit cash for $30,000

Debit inventory of goods for $30,000 and credit vendor for $30,000