Question: Question 23 2 pts What effect will this transaction have on the accounting equation? Purchased equipment for cash. No effect O Decrease assets, decrease

Question 23 2 pts What effect will this transaction have on the

Question 23 2 pts What effect will this transaction have on the accounting equation? Purchased equipment for cash. No effect O Decrease assets, decrease owner's equity O Increase assets, increase liabilities O Increase liabilities, decrease owner's equity O Increase assets, increase owner's equity

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