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Elizabeth Tolliver purchased a computer for $6,700 on account for her business. What is the effect of this transaction? Multiple Choice o Equipment increase of

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Elizabeth Tolliver purchased a computer for $6,700 on account for her business. What is the effect of this transaction? Multiple Choice o Equipment increase of $6.700 and Cash increase of $6.700. Equipment decrease of $6.700 and Accounts Payable increase of 56700 O Cash decrease of $6.700 and Owner's Equity increase of $6.700 O Equipment increase of 56.700 and Accounts Payable increase of 56700

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