A company incurred $$120,000($to be paid next year$)$ for the current year's advertising activities. What would the effect of this transaction on the current year$$s accounting equation?

Question $2$ options:

A$)$

No effect on Assets; $$120,000$ increase in Liabilities; $$120,000$ decrease in Stockholders$$ Equity

B$)$

No effect on Assets; $$120,000$ decrease in Liabilities; $$120,000$ increase in Stockholders$$ Equity

C$)$

$$120,000$ increase in Assets; No effect on Liabilities; $$120,000$ increase in Stockholders$$ Equity

D$)$

$$120,000$ increase in Assets; $$120,000$ increase in Liabilities; No effect on Stockholders$$ Equity