You own a building cleaning business. You complete cleaning the building in an office plaza and charge your customer $500. what effects are there to the accounting equation? ( )
A.
Assets are increased by 500 and liabilities are increased by $500.
B.
Assets are decreased by 500 and liabilities are decreased by $500.
C.
Assets are decreased by 500 and owner’s equity is decreased by $500.
D.
Assets are increased by 500 and owner’s equity is increased by $500.