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If a company purchases equipment costing $6,200 on credit, the effect on the acc...

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If a company purchases equipment costing $6,200 on credit, the effect on the accounting equation would be:

One asset increases $6,200 and another asset decreases $6,200.

0%

Assets increase $6,200 and liabilities decrease $6,200.

0%

Equity decreases $6,200 and liabilities increase $6,200.

0%

Assets increase $6,200 and liabilities increase $6,200.

100%

Equity increases $6,200 and liabilities decrease $6,200.

0%

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