.. Optus 11:55 AM The author has locked parts of this Dismiss document. You can make cha... more d. It makes up a significant portion of a retailer's asets. 6 QB 3. The business completes a purchase order for the purchase of more inventory at a cost of $1500. The immediate effect on the accounting equation is to: a. increase asset inventory by $1500 and decrease the asset cash by $1500. b. decrease the asset cash by $1500 and increase expenses by $1500. c. increase liabilities by $1500 and increase asset inventory by $1500. d. no effect as this is not recognised as a business transaction until the inventory is received 4. Accounts for Minion Ltd are as follows: Cash 19,000 Accounts payable 15,000 Wages payable 2,000 Inventory 8,500