Quiet Help Save&Exit Alpha Company has assets of $618.,000, liabilities of $259,000, and equity of $359,000. It buys office equipment on credit for $84,000. What would be the effects of this transaction on the accounting equation? Muliple Choice Assets increase by $84,000 and abilties increase by $84,000 Assets increase by $84000 and expenses increase by $84.000 Lbities innease by $84.000 and expenses decrease by $84,000 Assets decrease b $84,000 and expeses decrease b by $84.000 Kosets increane by 584,000 and expenses decreane by $84,000 If a company uses $1,600 of its cash to purchase supplies, the effect on the accounting equation would be Multiple Choice Assets decrease $1,600 and equity decreases $1,600 Assets decrease $1,600 and equity increases $1,60o One asset increases $1,600 and another asset decreases $1,600, causing no efflect Assets increase $1,600 and liabilties decrease $1600 Assets increase $1,600 and liabiliies increase $1.600 C Prev 4 of 20 Next >