Celery Company has assets of $150,000, liabilities of $90,000, and equity of $60,000. It buyssupplies for cash $5,000. What effect would this transaction have on the accounting equation?

A. Assets, $5,000 increase, equity, $5,000 increase.B. Assets, $5,000 increase, equity, $5,000 decrease.C. Liabilities, $5,000 increase, equity, $5,000 decrease.D. Assets, $5,000 decrease, equity, $5,000 decrease.E. Assets, no effect, liabilities, no effec