QUESTION 16 Incurred $3,000 for utility usage for the month. What is the effect of this transaction on the accounting equation? increases an equity $3,000 decreases a liability $3,000 OA decreases an equity $3,000, increases a fiability $3,000. OB decreases an equity $3,000, decreases an asset $3,000 increases an equity $3,000, increase an asset $3,000 OD