During the fiscal year ended June 30, 20X9, an enterprise fund of St. Cloud acquired computer equipment costing $110,000 on account and issued $400,000 of long-term bonds. Revenues of the enterprise fund will be used to repay bond interest and principal. What effect did these transactions have on St. Cloud's enterprise fund assets and long-term debt?\ \ Assets Long-Term Debt\ A) Increase of $400,000 Increase of $400,000\ B) Increase of $110,000 Increase of $400,000\ C) Increase of $510,000 Increase of $400,000\ D) Increase of $510,000 No effect