Coyote, Inc. purchased office supplies on account for $50,000. How would this transaction affect Coyote's accounting equation?
A) Increase Assets and Stockholders' Equity by $50,000
B) Increase Liabilities and Stockholders' Equity by $50,000
C) Increase Assets by $50,000 and decrease Liabilities by $50,000
D) Increase Assets by $50,000 and increase Liabilities by $50,000
D) Increase Assets by $50,000 and increase Liabilities by $50,000
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