For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Hayes Company paid $3,000 on account for equipment previously purchased. Which two accounts are affected? Choose one Choose one What kind of accounts are they? Choose one Choose one Do the account balances increase or decrease? Increase O Decrease O Increase O Decrease Do we debit or credit the accounts? O Debit O Credit Debit O Credit