Q19. The owner of a small nail salon invests 10,000 of their own cash in the business. How does this transaction
affect the accounting equation?
(Select the best response and then select SUBMIT
Assets increase by 10,000 and liabilities increase by 10,000
Assets increase by 10,000 and equity increases by 10,000
Assets decrease by 10,000 and equity decrease by 10,000
Assets decrease by 10,000 and liabilities decrease by 10,000