4. Kathryn Carter purchased a computer for $3,350 on account for her business. What is the effect of this transaction?

a. Equipment decrease of $3,350 and accounts payable increase of

$3,350.

b. Equipment increase of $3,350 and accounts payable increase of

$3,350.

c. Equipment increase of $3,350 and cash increase of $3,350.

d. Cash decrease of $3,350 and owner’s equity increase of $3,350