The Accounting Equation for Quattro Enterprises Is as Follows $$\frac { \text { Assets } } { \$ 120,000 } = \frac { \text { Liabilities } } { \$ 60,000 } + \frac { \text { Stockholders' Equity } } { \$ 60,000 }$$

Short Answer

The accounting equation for Quattro Enterprises is as follows: $$\frac { \text { Assets } } { \$ 120,000 } = \frac { \text { Liabilities } } { \$ 60,000 } + \frac { \text { Stockholders' Equity } } { \$ 60,000 }$$ If Quattro purchases office equipment on account for $25,000, the accounting equation will change to