If total liabilities increased by $14.000 and owner's equity increased by $9,000 during a period of time, then total assets must change by what amount and direction during that same period? What increases owner's equity? The accounting equation for Quattro Enterprises is as follows: Assets Liabilities Owner's Equity $110,000 = $60,000 + $50,000 If Quattro purchases office equipment on account for $12,000, the accounting equation will change to The collection of a $5,000 Accounts Receivable affects the accounting equation as: Draft a balance sheet