Cash 10,000 QUESTIONS Not yet answeredMarked out of 2.00P Flag question Smith & Sons purchased supplies on account. This transaction will affect: Select one: O Only the balance sheet O Both the balance sheet and the income statement O Only the statement of stockholders' equity O Only the income statement CLICK HERE TO REVIEW LEARNING OBJECTIVES PFlag question Marked out of 20.00 QUESTION 6 Not yet answered Recording Transactions with the Accounting Equation