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Determine how the transaction below affects the fundamental accounting equation. Bolton Designs, Inc....

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Accounting

Determine how the transaction below affects the fundamental accounting equation.
Bolton Designs, Inc. paid a creditor, $2,000.
Group of answer choices
Assets decrease, Stockholders' Equity increases
Assets increase, Liabilities increase
Assets decrease, Liabilities decrease
Liabilities decrease, Stockholders' Equity increases

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