Today,Cedar Park Company Paid $600 of Its Accounts Payable in Cash.What

Multiple Choice

Today,Cedar Park Company paid $600 of its accounts payable in cash.What is the effect on the accounting equation?

A) Assets,$600 increase; liabilities,no effect; equity,$600 increase.
B) Assets,$600 decrease; liabilities,$600 decrease; equity,no effect.
C) Assets,$600 decrease; liabilities,$400 increase; equity,$200 decrease.
D) Assets,no effect; liabilities,$600 decrease; equity,$400 increase.
E) No effect.