Jamie's Lighting Company Paid Rent for the Month, $2,500

Jamie's Lighting Company paid rent for the month, $2,500. What are the effects on the fundamental accounting equation?

A) Assets increase $2,500; liabilities, no effect; owner's equity increases $2,500.
B) Assets decrease $2,500; liabilities, no effect; owner's equity increases $2,500.
C) Assets decrease $2,500; liabilities, decrease $2,500; owner's equity, no effect.
D) Assets decrease $2,500; liabilities, no effect; owner's equity decreases $2,500.