Beaver Company buys a $12,000 van on credit. The transaction will affect the O Income statement only O Balance sheet only Income statement and owner's equity only Income statement, owner's equity statement, and balance sheet O The transaction will not affect any of the above Question 19 5 The accounting equation for Goodboys Enterprise is as follows: Assets ($120,000) = Liabilities ($60,000) + Owner's equity ($60,000). If Goodboys incurs a utility expense and receives a utility bill for $12,000 for services rendered, the accounting equation will change to: The accounting equation will not change and remain the same as follows: Assets ($120,000) = Liabilities ($60,000) + Owner's equity ($60,000). Assets ($120,000) = Liabilities ($48,000) + Owner's equity ($72,000). Assets ($120,000) = Liabilities ($72,000) + Owner's equity ($48,000). O Assets ($108,000) = Liabilities ($60,000) + Owner's equity ($48,000). O Assets ($108,000) = Liabilities ($48,000) + Owner's equity ($60,000)