If a company receives $11,100 from the owner to establish a proprietorship, the effect on the accounting equation would be:_____.
A. Assets decrease $11,100 and equity decreases $11,100.
B. Assets increase $11,100 and liabilities decrease $11,100.
C. Assets increase $11,100 and liabilities increase $11,100.
D. Liabilities increase $11,100 and equity decreases $11,100.
E. Assets increase $11,100 and equity increases $11,100.