If a display rack was purchased for the store,which of the following accounts would be increased?

Name: If a display rack was purchased for the store,which of the following accounts would be increased?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of a display rack would increase the asset account of Store Equipment. Purchases would only be increased if inventory or merchandise was purchased. Cash would be decreased since it was used to purchase the display rack. Capital would not be affected by this transaction.

If a Display Rack Was Purchased for the Store,which of the Following