Question $8(0\mathrm{.}5$ points$)$

The Noble Corporation installs $$75,000$ of equipment, paying $$25,000$ cash and

promising to pay the remaining $$50,000$ in $6$ months. What is the impact to this

transaction on the accounting equation?

Total assets are increased by $$50,000.$

Current assets are increased by $$50,000.$

Total assets are increased by $$75,000.$

Current assets are increased by $$75,000.$