Max decides to open his own ice-cream store and deposits $25 000 into his new business bank account on 1 October. The effect of this transaction on the accounting equation is: Select one: O a Assets increase by $25 000; Equity decreases by $25 000. b. Assets increase by $25 000; Liabilities increase by $25 000. C Assets decrease by $25 000; Equity decreases by $25 000. O d. Assets increase by$25 000; Equity increases by $25 000