The purchase of equipment with cash has which of the following results? Select one: O a. Total Assets Total Equity Increase Increase b. Total Assets Total Equity Increase No Effect O c Total Assets Total Equity Increase No Effect Total Assets Total Equity. d No Effect Decrease Total Assets Total Equity No Effect No Effect Clear my choice The payment for service in advance will result in the payer recording what journal entry to what type of account? Select one O Debit Revenue Credit Asset o b. Debit Expense Credit Asset Debit Asset Credit Equity Debit Equity Credit Asset De Debit Asset Credit Asset Clear my choice