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Connect Homework [due Day ]] 0) If a company purchases equipment costing $4.400 on credit, the effect on the accounting equation would be: Multiple Choice O Assets Increme $4, 400 and lebiltics decrease $4400 O Equby docreases $4,400 and leblities Increase $4400 O One most byeases $4-100 and another asset docraises $4,430 Ascots Increase $4.400 and Isbitties Heroine $1400 O Equity Inchoices $4 400 and isblitka cdecrease $4100