What effect would the issuance of common stock have on the accounting equation? O Assets and liabilities would increase. O Assets and stockholders' equity would decrease. O Assets and stockholders' equity would increase. O Assets would increase and stockholders' equity would decrease. What effect would the cash purchase of supplies have on the accounting equation? O Total assets, liabilities, and stockholders' equity would not change. Assets and stockholders' equity would increase. O Assets and liabilities would increase. O Assets would increase and liabilities would decrease