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:The accounting equation for Cineo Enterprises is as follows.17 Owner's Equity Liabilities + Assets $60,000 + $60,000 = $120,000 If Cineo purchases office equipment on

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:The accounting equation for Cineo Enterprises is as follows.17 Owner's Equity Liabilities + Assets $60,000 + $60,000 = $120,000 If Cineo purchases office equipment on account for $15,000, the accounting equation will change *to (bj 5) 560,000 + $60,000 = $120,000 $75,000 + $60,000 = $135,000 $67.500 + $67.500 = $135,000 560.000 + $75.000 = $135.000

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