Question Help Lamar Company originally purchased land for $33,000 it later sold the land for $33,000 in cash Which of the following is true of the effect of the sale of land on the accounting equation? O A. the amount of total assets remains the same OB. assets increase and liabilities decrease by $33,000 OC assets increase by $33.000, equity increases by $33.000 OD. assets and equity increase by $65,000 Click to select your answer 30 otv MacBook Air 001 8 C ) $ 4 26 5 6 & 7 8 0 W E R T Y U 0 F G . J K L