1 Alpha Company has assets of $606,000, liabilities of $253,000, and equity of $353,000. It buys office equipment on credit for $78,000. What would be the effects of this transaction on the accounting equation? 01:29:20 Multiple Choice Assets increase by $78,000 and expenses increase by $78,000. Assets increase by $78,000 and expenses decrease by $78,000. Liabilities increase by $78,000 and expenses decrease by $78,000. Assets decrease by $78,000 and expenses decrease by $78,000. Assets increase by $78,000 and liabilities increase by $78,000.

Alpha Compary has asses of $606,000, liablites or $253,000, and equity of $353,000 it buys office equpment on credit for 578.000 . What would be the effects of this transaction on the accounting equabion? Vutiple choice Aitets inteave ty $76000 and eapenves incuease by $28000 Assets incteine by 57i000 and expertses decresse by 57 obd. tabiliei increase by 578.000 and expenses decresie by $78000 Astets oecrese by 578000 and expenser decrease by 573,000 Aspets increale by $7r,000 and liables isciease by 57p000