Identify the impact of each of the given transactions on the accounting equation. Impacts Transactions a. The company pays cash toward an account payable. b. The company purchases equipment on credit. c. The owner invests cash in the business. d. The company pays workers for wages earned. e. The company purchases supplies for cash. f. The company provides services for cash. Decreases an asset and decreases a liability. Decreases an asset and decreases equity. Increases an asset and decreases an asset. Increases an asset and increases a liability.