Lakeland Consulting purchased computer equipment for $10,000. Lakeland made a $2,000 down payment with the balance due within 90 days. The effect of the transaction is a(n): Multiple Choice Decrease in assets of $2,000, an increase in liabilities of $8,000, and an increase in owner's equity of $10,000

Increase in assets of $8,000 and an increase in liabilities $8,000

Explanation:

The effect of the transaction is shown below with the help of the accounting equation

Liabilities + Owner equity = Assets

$8,000       + 0                        = $8,000

($10,000 - $2,000)

Therefore from the above calculation,  we can see that there is an increase in assets also there will be an increase in liabilities but no effect on stockholder equity

the third answer is correct.

answerblank(1) negatively.blank(2); rises; blank(3) falls;