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The Sanchez Corp. installs $15,000 of equipment, paying $4,000 cash and promising to pay the remaining $11,000 in 3 months. how does this transaction impact

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The Sanchez Corp. installs $15,000 of equipment, paying $4,000 cash and promising to pay the remaining $11,000 in 3 months. how does this transaction impact Sanchez's accounting equation? Multiple Choice Total assets are increased by $15,000. Total assets are increased by $11,000. Current assets are increased by $15,000. Current assets are increased by $11,000

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