If a company receives $$12,000$ from a client for services provided, the effect on the

accounting equation would be:

Assets decrease $$12,000$ and equity decreases $$12,000.$

Assets increase $$12,000$ and liabilities decrease $$12,000.$

Assets increase $$12,000$ and liabilities increase $$12,000.$

Liabilities increase $$12,000$ and equity decreases $$12,000.$

Assets increase $$12,000$ and equity increases $$12,000.$