At the Beginning of the Month, a Company Purchased a New

Multiple Choice

At the beginning of the month, a company purchased a new truck for $45,000, paying $21,000 cash and agreeing to pay the balance over 12 months through a no-interest financing offer provided by the car dealer. The entry to record the purchase of the truck is recorded at month-end.
What would the effect of this transaction on the company's current month-end accounting equation? (Hint: First financing payment was made before current month-end.)

A) No effect on Assets; $45,000 decrease in Liabilities; $45,000 increase in Stockholders' Equity
B) $22,000 increase in Assets; $22,000 increase in Liabilities; No effect on Stockholders' Equity
C) $45,000 increase in Assets; No effect on Liabilities; $45,000 increase in Stockholders' Equity
D) No effect on Assets; $24,000 increase in Liabilities; $24,000 decrease in Stockholders' Equity