Which transaction below increases an asset and the owner's equity?a purchase of equipment on credit.payment of rent with cash.a purchase of equipment with cash.a sale of merchandise on credit.

Essential Small Business Accounting Tasks
Bookkeeping: Regularly documenting receipts, invoices, and bank transactions.
Reconciliation: Checking bank statements against accounting records to ensure accuracy.
Tax Compliance: Tracking expenses to calculate and settle tax liabilities, such as VAT or income tax.