Smith Company purchased land for$$ $$10,000$ with cash. Which of the following is true of the effect of the purchase of land on the accounting$$ equation?

Question content area bottom

Part $1$

A$.$

No effect to cash

B$.$

Cash will decrease by$$ $$10,000$

C$.$

Cash will increase by$$ $$10,000$

D$.$

Land will decrease by$$ $$10,000$