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Business, 06.10.2021 22:40 naomicervero

Photometer Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation? Assets, $30,000 increase; liabilities, no effect; equity, $30,000 increase. Assets, $30,000 decrease; liabilities, $30,000 decrease; equity, no effect. Assets, $30,000 decrease; liabilities, $30,000 increase; equity, no effect. Assets, $30,000 decrease; liabilities, no effect; equity $30,000 decrease.

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Photometer Company paid off $30,000 of its accounts payable in cash. What would be the effects of th...
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