Match Each Transaction with Its Effect on the Accounting Equation

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Paid cash for the purchase of supplies

A) Increase assets, increase liabilities
B) Increase liabilities, decrease stockholders' equity
C) Increase assets, increase stockholders' equity
D) No effect
E) Decrease assets, decrease liabilities
F) Decrease assets, decrease stockholders' equity