answer number 9 and 10 show solution

9. The company purchases supplies worth P5,000, paid in cash. The transaction would have which of the following effects? a. Increase in assets and increase in liabilities P5,000 b. Increase in liabilities and decrease in equity P5,000 c. Increase in assets and increase in equity P5,000 d. No effect to total assets, liabilities, and equity 10. The company purchases supplies worth P5,000 on account. The transaction would have which of the following effects? a. Increase in assets and increase in liabilities P5,000 b. Increase in liabilities and decrease in equity P5,000 c. Increase in assets and increase in equity P5,000 d. No effect to total assets, liabilities, and equity