12. When equipment is purchased with a cash down payment and a signed note for the balance, the net effect will be: A. Only an increase in total assets. B. Only a decrease in total liabilities. C. Only a decrease in total assets. D. Both an increase in total assets and an increase in liabilities 13. If a company receives rent for January 2023 from a tenant in December 2022 , that rent would be: A. A revenue in 2022 B. An asset in 2022 C. An expense in 2022 D. A liability in 2022