Laura J Set Up a Part-Time Business 'Speedy Window Cleaning

Multiple Choice

Laura J set up a part-time business 'Speedy Window Cleaning' by depositing
$6000 into a business bank account. Which of the following represents the effect of this transaction on the accounting equation?

A) Increase in assets of $6000; increase in equity of $6000.
B) Increase in assets of $6000; decrease in equity of $6000.
C) Increase in assets of $6000; increase in liabilities of $6000.
D) Decrease in assets of $6000; increase in equity of $6000.