A $5 000 Account Payable Is Paid by the Business

Multiple Choice

A $5 000 account payable is paid by the business.How is the accounting equation affected?

A) Assets decrease $5 000;liabilities decrease $5 000.
B) Assets decrease $5 000;owners' equity increases $5 000.
C) Assets increase $5 000;owners' equity decreases $5 000.
D) Assets increase $5 000;liabilities increase $5 000.