Exchange Company Collected $14,000 from One of Its Customers,the Amount

Multiple Choice

Exchange Company collected $14,000 from one of its customers,the amount owed from the previous month.How does this affect the accounting equation for Exchange?

A) assets increase by $14,000;liabilities decrease by $14,000
B) assets increase by $14,000;assets decrease by $14,000
C) assets increase by $14,000;liabilities increase by $14,000
D) assets increase by $14,000;equity increases by $14,000