Question 36 2 pts What effect will this transaction have on the accounting equation? Making credit sales to customers. Increase assets, increase owner's equity Increase assets, increase liabilities Decrease assets, decrease owner's quity No effect Increase liabilities, decrease owner Question 37 2 pts What effect will this transaction have on the accounting equation? Purchased equipment for cash. Decrease assets, decrease owner's equity Increase assets, increase liabilities Increase liabilities, decrease owner's equity Increase assets, increase owner's equity No effect