Sunfish & Company collected $8,000 from an outstanding account receivable. What would be the effect of this transaction on the accounting equation?

Select one:

A.

Assets	Liabilities	Shareholders' Equity
No Effect	No Effect	No Effect

B.

Assets	Liabilities	Shareholders' Equity
Increase $8,000	No Effect	Increase $8,000

C.

Assets	Liabilities	Shareholders' Equity
Decrease $8,000	Decrease $8,000	No Effect

D.

Assets	Liabilities	Shareholders' Equity
Increase $8,000	Decrease $8,000	No Effect