18\ If a company paid $38,000 of its accounts payable in cash, what was...
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Accounting
18\ If a company paid
$38,000
of its accounts payable in cash, what was the effect on the accounting equation?\ Multiple Choice\
03:40:11
\ Assets would decrease
$38,000
, liabilities would decrease
$38,000
, and equity remains unchanged.\ There would be no effect on the accounts because the accounts are affected by the same amount.\ Assets would increase
$38,000
and liabilities would decrease
$38,000
.\ Assets would decrease
$38,000
, liabilities would decrease
$38,000
, and equity would decrease
$38,000
.\
Mc
\ Prevy\ 18 of 30\ Next
f a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged. There would be no effect on the accounts because the accounts are affected by the same amount. Assets would increase $38,000 and liabilities would decrease $38,000 Assets would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000
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