LO2: delta company purchased an equipment by signing a note with the bank for $20,000. which if the following statements correctly show the effect of this transaction on the accounting equation?

-assets will increase by $20,000, liabilities will decrease by $20,000, and stockholders equity will remain unchanged

-Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

-Assets will decrease by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

-Liabilities will increase by $20,000, stockholders' equity will decrease by $20,000, and assets will remain unchanged LO2: Amber Corporation provided services to customers on account for $26,000. Which of the following statements correctly show the effect of this transaction on the accounting equation?

-Assets will decrease by $26,000, liabilities will remain unchanged, and stockholders' equity will increase by $26,000

-Assets will increase by $26,000, liabilities will increase, and stockholders' equity will remain unchanged

-Assets will increase by $26,000, liabilities will remain unchanged, and stockholders' equity will increase by $26,000

-Liabilities will decrease by $26,000, stockholders' equity will remain unchanged, and assets will increase by $26,000 LO2: Beta Company paid utilities expense of $2,000 for the current month. Which of the following statements correctly show the effect of this transaction on the accounting equation?

-Liabilities will remain unchanged, assets will decrease by $2,000, and stockholders' equity will decrease by $2,000

-Liabilities will increase by $2,000, stockholders' equity will remain unchanged, and assets will increase by $2,000

-Assets, liabilities, and stockholders' equity will remain unchanged

-Liabilities will increase by $2,000, assets will increase by $2,000, and stockholders' equity will remain unchanged LO2: Microlith received $20,000 cash in advance from customers. Which of the following statements correctly show the effect of this transaction on the accounting equation?

-Assets will increase by $20,000, stockholders' equity will increase by $20,000, and liabilities will remain unchanged.

-stockholders' equity will remain unchanged, liabilities will increase by $20,000, and assets will increase by $20,000

-Liabilities will remain unchanged, assets will increase by $20,000, and stockholders' equity will increase by $20,000

-stockholders' equity will increase by $20,000, liabilities will increase by $20,000, and assets will remain unchanged ;