5 Identify the impact of each of the given transactions on the accounting equation: Transactions a. The company purchases equipment on credit. b. The company provides services and sent a bill for $500 to be received within 30 days. c. The company purchases supplies on credit. d. The company pays this period's electricity bill e. The company receives cash from an accounts receivable. f. The company provides services for cash. Effects Increases an asset and increases a liability. Increases an asset and increases equity. Increases an asset and increases a liability. Increases an asset and increases a liability.