On April $30,$ Kenyon Noble received a $$12,500$ utility bill for the month of April. Kenyon Noble plans to pay the utility bill on May $16.$ How will this transaction impact Kenyon Noble's financial statements on April $30?$

Question $11$ options:

Increase both assets and liabilities.

Increase expenses and decrease assets.

Decrease net income and increase liabilities.

Increase liabilities and decrease assets.