Click Submit to complete this assessment. Question 5 A company purchased land for $25,000 cash. What would be the effect of this transaction on the accounting equation? OA. Land will increase by $25,000 and notes payable will decrease by $25,000 OB. Land will decrease by $25,000 and notes payable will decrease by $25,000 OC. Cash will increase by $25,000 and Land will increase by $25,000 D. Cash will decrease by $25,000 and Land will increase by $25,000 Click Submit to complete this assessment