Saved Help Save & EX If a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice Assets decrease $1,300 and equity decreases $1,300. O Assets Increase $1,300 and liabilities decrease $1,300. Assets decrease $1.300 and equity increases $1,300. Assets increase $1,300 and abilities increase $1,300 BE 9 e earch