Assume that Company A purchased $20,000 of equipment It paid $8,000 of the purchase price in cash and promised to pay the difference at a later date Based on this Information which of the following statements are false? (There are multiple false statements and you must select only those trial are false in order to get full credit for the question) The debit side of this transaction should be $20,00C to the equipment account This transaction will no effect on total stockholders equity This transaction will cause total liabilities to increase by $12,000. This transaction win cause total stockholders' equity to decrease by $8,000. This transaction will cause total assets lo increase by $20,000