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Question 15

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Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
Use this information to answer the following question. Here is the balance sheet for Costello Container Company: -If the balance in the Cash account were used to pay part of Accounts Payable,then total liabilities and owner's equity would A) decrease by $8,000. B) increase by $8,000. C) increase by $16,000. D) decrease by $16,000.
-If the balance in the Cash account were used to pay part of Accounts Payable,then total liabilities and owner's equity would


A) decrease by $8,000.
B) increase by $8,000.
C) increase by $16,000.
D) decrease by $16,000.

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