Alpha company has assets of $602,000, liabilities of $251,000, and equity of $351,000. it buys office equipment on credit for $76,000. what would be the effects of this transaction on the accounting equation?

Assets and liabilities both would increase by $76,000

Step-by-step explanation:

Alpha company has assets of $602,000

Liabilities of $251,000

and equity of $351,000

It buys office equipment on credit for $76,000.

Hence, assets would increase by $76,000 since, the payment has not been done it is on credit therefore, liabilities would also increase by $76,000

Now the Alpha company has assets of $602,000 + 76,000 = $678,000

and liabilities of $251,000 + $76,000 = $327,000

Assets and liabilities both would increase by $76,000

answer: 12   they all have at least 28 days

step-by-step explanation: haha