Harrold Ltd$.$ records their business transactions into the basic accounting equation.

For each of the following independent business activities, indicate the effect on the basic accounting equation.

Opening a new bank account. The bank will charge $$10$ at the end of every month.

A$.$ Increase assets, decrease assets

B$.$ Increase assets, decrease liabilities

C$.$ Increase assets, increase liabilities

D$.$ Increase assets, increase equity

E$.$ Increase assets, decrease equity

F$.$ Increase liabilities, increase equity

G$.$ Increase liabilities, decrease equity

H$.$ Decrease liabilities, increase equity

Decrease liabilities, decrease equity

J$.$ Decrease assets, decrease liabilities

K$.$ Decrease assets, increase liabilities

L$.$ Decrease assets, increase equity

M$.$ Decrease assets, decrease equity

N$.$ No entry is required.