Poe, Inc. made $7,000 of cash sales to customers. The effect of this transaction on the accounting equation is:

A) Total shareholders' equity
Total assets Total liabilities Contributed capital Retained earnings
Increase No effect Increse No effect

B) Total shareholders' equity
Total assets Total liabilities Contributed capital Retained earnings
Decrease No effect No effect Decrease

C) Total shareholders' equity
Total assets Total liabilities Contributed capital Retained earnings
No effect Decrease No effect Increase

D) Total shareholders' equity
Total assets Total liabilities Contributed capital Retained earnings
Increase No effect No effect Increase

D