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Hit Company purchases printing equipment for $2,000, paying 40% of the amount due in cash and agreeing to pay the balance at a later date. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account? Check all that apply An asset account Increases A liability account increases Capital Stock increases An asset account decreases A liability account decreases Capital Stock decreases Retained Earnings decrease Retained Earnings increase