Question: What is the effect on assets = liabilities + owner's equity when Company A purchases office equipment with $20,000 in bank deposit?(Assuming that company A

What is the effect on "assets = liabilities + owner's equity" when Company A purchases office equipment with $20,000 in bank deposit?(Assuming that company A had $2,000 in assets, $500 in liabilities, and $1,500 in owner's equity)

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