During November, ABC, Inc. purchased office supplies for cash. The supplies will be used in November. What effect does this purchase transaction have on the accounting equation?

Question $12$ options:

a$)$

There is no effect on the accounting equation as one asset account increases while another asset account decreases.

b$)$

Assets increase and liabilities increase.

c$)$

Assets decrease and liabilities decrease.

d$)$

Assets increase and stockholders$$ equity decreases.