What is the effect of the following transaction on the basic accounting equation? Purchased flyers for $$49\mathrm{.}95$ plus HST using your credit card.Select one: a$.$ Assets increase, liabilities increase b$.$ No entry, no effect c$.$ Assets decrease, owner's equity decreases d$.$ Liabilities decrease. Owner's equity increases e$.$ One asset increases, another asset decreases Of$.$ Assets increase, owner's equity increases g$.$ Liabilities increase, owner's equity decreases Oh$.$ Assets decrease, liabilities decrease