CASH purchased and received office equipment that cost a total of $10,000. It paid for half but still owes for the remaining portion.

Explain the impact of transaction 4 on the Fundamental Equation of Accounting. That is what assets, liabilities and/or net assets are affected by the transaction. Be sure to include the dollar amount involved. Your answer can be descriptive and need not be in the context of a ledger but it must clearly demonstrate your understanding of the impact.