Question 5 2 pts Crafty Creations started a small business to sell crafts on Etsy. Assume the owner invested $13,800 to start the business. How would this transaction effect the accounting equation? O Assets increase $13,800 and liabilities decrease $13,800 Assets increase $13,800 and liabilities increase $13,800 Assets decrease $13,800 and equity decreases $13,800 O Liabilities increase $13,800 and equity decreases $13,800 O Assets increase $13,800 and equity increases $13,800

Crafty Creations started a small business to sell crafts on Etsy. Assume the owner invested $13,800 to start the business. How would this transaction effect the accounting equation? Assets increase $13,800 and liabilities decrease $13,800 Assets increase $13,800 and liabilities increase $13,800 Assets decrease $13,800 and equity decreases $13,800 Liabilities increase $13,800 and equity decreases $13,800 Assets increase $13,800 and equity increases $13,800