Jane is an osteopath operating as a sole proprietor. On 1 February she treats a patient who pays her S120 in cash. The effect of this transaction on the accounting equation is: Select one: O a. Increase in cash at bank $120, decrease in liability accounts payable $120 b. Increase in cash at bank $120, increase in Liability accounts payable $120 c. Increase in cash at bank $120, increase in asset accounts receivable $120 d. Increase in cash at bank $120, increase in equity $120 Next page age 11:20 AM ENG