Saturn, Inc

question 102

Multiple Choice

Saturn, Inc. paid $13,000 on accounts payable. How does this transaction affect the accounting equation of Saturn?

• A) Assets decrease by $13,000 and equity increases by $13,000.
• B) Assets decrease by $13,000 and liabilities decrease by $13,000.
• C) Assets increase by $13,000 and equity decreases by $13,000.
• D) Assets increase by $13,000 and liabilities increase by $13,000.

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