For each transaction a through $f,$ identify its impact on the accounting equation $($select from $1$ through $5$ below$).$

Decreases an asset and decreases equity.

Increases an asset and increases a liability.

Decreases an asset and decreases a liability.

Increases an asset and decreases an asset.

Increases an asset and increases equity.

a$.$ The company pays cash toward an account payable.

b$.$ The company purchases equipment on credit.

c$.$ The owner invests cash in the business

d$.$ The company pays workers for wages earned.

e$.$ The company purchases supplies for cash.

f$.$ The company provides services for cash.