Multiple Choice
Venus,Inc.paid $5,000 on accounts payable.How does this transaction affect the accounting equation of Venus?
A) assets decrease by $5,000 and equity increases by $5,000
B) assets decrease by $5,000 and liabilities decrease by $5,000
C) assets increase by $5,000 and equity decreases by $5,000
D) assets increase by $5,000 and liabilities increase by $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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