Katelyn purchased $10,000 of new electronic equipment for her DJ Company on account. The effect on the basic accounting equation was to: O increase Cash $10,000 and increase Equipment $10,000. O decrease Cash $10,000 and increase Accounts Payable $10,000. o increase Equipment $10,000 and increase Accounts Payable $10,000. O decrease Cash $10,000 and increase Equipment $10,000