13 00:54:57 If a company uses $1,460 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice Assets decrease $1,460 and equity increases $1,460 Assets increase $1,460 and liabilities decrease $1,460. Assets increase $1,460 and liabilities increase $1,460. One asset increases $1,460 and another asset decreases $1,460, causing no effect. Assets decrease $1.460 and equity decreases $1460 Th

If a company uses $1,460 of its cash to purchase supplies, the effect on the accounting equation would be: Multiplo Croice Assets decreose $1,460 and equity increases $1,460 Assets incresse $1,460 ard labilites decrease $1,460 Aswets increase $1,460 and flabitwes uncrease $1,400 One asset increoses $1,460 and another asset decreases $1,460, caining no eflect Assets decrease $1.460 and enaitv dharvasm $1. 4 fo