If a company uses $1.450 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice Assets increase $1.450 and liabilities decrease $1.450 One asset increases $1.450 and another asset decreases $1.450, causing no effect Assets decrease $1,450 and equity decreases $1.450 Assets decrease $1,450 and equity increases $1.450 Assets increase $1.450 and liabilities increase $1,450