Consider the overall effects on Grey Door Boutique of selling watches and purses on credit (i.e. on account) for $115,000. How would this transaction affect Blue Door's accounting equation? Select one: O a. Increase equity and decrease liabilities by $115,000 O b. No effect on the accounting equation because the effects cancel out, O c. Increase both liabilities and equity by $115,000 d. Increase assets and increase equity by $115,000