Inbox (2.916)-Idbrown@wChapter 2- HWX rief Exercise 2.1 Recording Transactions (LO2-3) Walters Company purchased a piece of machinery on credit for $24,000. Identify the correct statement's) based on t transaction. (You may select more than one answer. Single click the box with the question mark to produ correct answer and double click the box with the question mark to empty the box for a wrong answer. Any bo question mark will be automatically graded as incorrect.) ce a che xes 0 walters Company's assets (machinery) will increase by $24,000. The Company's liabilities will increase by $14.000 Walters Companys assets (machinery) will decrease by $14.000. Walters Company's assets (machinery) will increase by $14.000 The Company's liabilities will decrease by $14.000. The Company's liabilities will increase by $24,000