What is the effect of the following transaction on the basic accounting equation? Paid $$800$ for advertising that ran on the radio.

Question $12$Select one:

a$.$

Assets increase, liabilities increase

b$.$

Liabilities increase, owner$$s equity decreases

c$.$

No entry, no effect

d$.$

One asset increases, another asset decreases

e$.$

Assets decrease, owner$$s equity decreases

f$.$

Assets increase, owner$$s equity increases

g$.$

Liabilities decrease. Owner$$s equity increases

h$.$

Assets decrease, liabilities decrease