Thomas Inc. records their business transactions into the basic accounting equation. For each of the following independent business activities, indicate the effect on the basic accounting equation. Hire a new employee who will be paid $400 per week. They start next month. A. Increase assets, decrease assets B. Increase assets, decrease liabilities C. Increase assets, increase liabilities D. Increase assets, increase equity E. Increase assets, decrease equity F. Increase liabilities, increase equity G. Increase liabilities, decrease equity H. Decrease liabilities, increase equity I. Decrease liabilities, decrease equity J. Decrease assets, decrease liabilities K. Decrease assets, increase liabilities L. Decrease assets, increase equity