Edison Corporation provided $3,700 of services for a customer who paid $1,250 cash immediately and promised to pay the remaining amount one month later.

Letting "I" denote increase, "D" denote decrease, and "NE" denote no effect, select the item below that correctly specifies the effects of this event on the accounting equation.

a. Assets-I; Liabilities-NE; Equity-I; Revenues-I;Expenses-NE; Net Income-I; Cash Flows-I.

b. Assets-I; Liabilities-I; Equity-I; Revenues-NE;Expenses-NE; Net Income-NE; Cash Flows-I.

c. Assets-NE; Liabilities-NE; Equity-I; Revenues-I;Expenses-NE; Net Income-I; Cash Flows-NE.

d. Assets-I; Liabilities-I; Equity-NE; Revenues-I;Expenses-NE; Net Income-I; Cash Flows-I.