Saddleback company paid off $30,000 of its accounts payable in cash. what would be the effects of this transaction on the accounting equation?

QUESTION POSTED AT 29/05/2020 - 12:43 AM

Answered by admin AT 29/05/2020 - 12:43 AM

Assets, $30,000 decrease; liabilities, $30,000 decrease; equity, no effect.
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