Identify the impact of each of the given transactions on the accounting equation. Impacts Transactions a. The company purchases supplies on credit. b. The company pays cash toward an account payable. c. The owner invests land in the business. d. The company purchases supplies for cash. e. The company pays this period's electricity bill. F. The company pays workers for wages earned. 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