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Indiana Co. purchased archaeological equipment for $6,000 paying $1,500 in cash and borrowing the remainder....

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Accounting

Indiana Co. purchased archaeological equipment for $6,000 paying $1,500 in cash and borrowing the remainder. Which of the following statements is true?

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Indiana Co. purchased archaeological equipment for $6,000 paying $1,500 in cash and borrowing the remainder. Which of the following statements is true Total stockholders' equity increases $6,000 Total stockholders' equity increases $4,500 Total assets increase $4,500 Total liabilities increase $6,000 Total assets increase $6,000

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