Smith Company pays $3,000 cash for Rent Expense. What is the effect on the accounting equation? O A. Cash decreases by $3,000 and Equity decreases by $3,000. O B. Cash decreases by $3,000 and Accounts Payable decreases by $3,000. O c. Cash decreases by $3,000 and Service Revenue decreases by $3,000. O D. The amount of total assets remains the same. Click to select your