Today, Cedar Park Company Paid $600 of Its Accounts Payable

question 132

Multiple Choice

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

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

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Abilities or forces that go beyond the laws of nature, often attributed to magical, divine, or mysterious sources.

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Having a lack of structure or order; not systematically planned or arranged.

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