On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package designed for active kids, teen and adults that want to learn and practice wrestling activities for fun by learning how to perform headlocks, leg scissors and other tricks.

The following transaction occurred during the first month of operations, please indicate what's the effect on the accounting equation:

September	Description	Amount
24	Telephone bill for $150 was received for the month of September - payment due October 5th	$	150

Multiple Choice

A. Increase assets and increase Owner's equity

B. Decrease assets and decrease liabilities

C. Increase assets and increase liabilities

D. None of the other alternatives are correct

E. Increase and decrease assets