If a company purchases equipment costing $4100 on credit, the effect on the accounting equation would be:
A. Assets increase $4100 and liabilities increase $4100.
B. One asset increases $4100 and another asset decreases $4100.
C. Equity increases $4100 and liabilities decrease $4100.
D. Assets increase $4100 and liabilities decrease $4100.
E. Equity decreases $4100 and liabilities increase $4100.
Answer: A
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