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Saddleback Company paid off $46,000 of its accounts
a. Assets, $46,000 decrease; liabilities, $46,000 decrease.
b. Assets, $46,000 increase; equity, $46,000 increase.
c. Assets, $46,000 decrease; equity $46,000 decrease.
d. Liabilities, $46,000 decrease; equity, $46,000 increase.
e. Assets, $46,000 decrease; liabilities, $46,000 increase.
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