est Information emaining Time: 1 hour, 06 minutes, 00 seconds. Question Completion Status: > A Moving to another question will save this response. uestion 21 If a company buys equipment costing $500 on account, this transaction will affect the e A. balance sheet only. B. income statement, retained earnings statement, and balance sheet. C. income statement only. D. income statement and retained earnings statement only. -> Moving to another question will save this response