22 2.5 pts If a company uses $1,520 of its cash to purchase supplies, the effect on the accounting equation would be: One asset increases $1.520 and another asset decreases $1.520, causing no effect. O Assets increase $1.520 and liabilities increase $1,520. Assets decrease $1.520 and equity decreases $1,520. Assets decrease $1,520 and equity increases $1.520. Assets increase $1,520 and liabilities decrease $1,520