Katelyn Purchased $10,000 of New Electronic Equipment for Her DJ

Multiple Choice

Katelyn purchased $10,000 of new electronic equipment for her DJ Company on account.The effect on the basic accounting equation was to:

A) decrease Cash $10,000 and increase Equipment $10,000.
B) increase Equipment $10,000 and increase Accounts Payable $10,000.
C) decrease Cash $10,000 and increase Accounts Payable $10,000.
D) increase Cash $10,000 and increase Equipment $10,000.