Identify the impact of each of the given transactions on the accounting equation. Transactions a. The company purchases supplies on credit. b. The owner invests land in the business. c. The company purchases equipment for cash. d. The company provides services and sent a bill for $500 to be received within 30 days. e. The company purchases equipment on credit. f. The company provides services for cash. Impacts Increases an asset and increases a liability. 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.