Question $18(2$ points$)$

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What is the effect of the following transaction on the basic accounting equation?

Purchase equipment for $$8,000,$ cash.

Question $18$ options:

$1)$

Liabilities increase, owners' equity decreases.

$2)$

Liabilities decrease, owners' equity increases.

$3)$

Assets decrease, owners' equity decreases.

$4)$

Assets increase, liabilities increase.

$5)$

Assets decrease, liabilities decrease.

$6)$

No entry, no effect.

$7)$

Assets increase, owners' equity increases.

$8)$

Assets increase, assets decrease.