On September 1, 2015, Richard started a small business called "Ricky Rock Wrestling for Fun". "Ricky Rock" offers a part

[answerhappygod]

On September 1, 2015, Richard started a small business called
"Ricky Rock Wrestling for Fun". "Ricky Rock" offers a party package
designed for active kids, teen and adults that want to learn and
practice wrestling activities for fun by learning how to perform
headlocks, leg scissors and other tricks.
The following transaction occurred during the first month of
operations, please indicate what's the effect on the accounting
equation:
Multiple Choice
Increase assets and increase Owner's equity
Decrease assets and decrease liabilities
Increase and decrease assets
None of the other alternatives are correct
Increase assets and increase liabilities