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Squid Roe, Inc., purchased equipment that cost $ 2 0 , 0 0 0 by issuing a 6 % , $ 1 5 , 0

Squid Roe, Inc., purchased equipment that cost $20,000 by issuing a 6%, $15,000 promissory note and paying the remainder in cash. The effects on the accounting equation are Blank______.
Multiple select question.
Note Payable, a liability is increased by $20,000
Equipment, an asset, is increased by $20,000
Cash, an asset, is increased by $5,000
Cash, an asset, is decreased by $5,000
Equipment, an asset, is increased by $5,000
Note Payable, a stockholders' equity account, is decreased by $15,000
Cash, a stockholders' equity account, is decreased by $5,000
Note Payable, a liability is increased by $15,000

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