Venus,IncPaid $5,000 on Accounts Payable

question 82

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

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Definitions:

Upper Zones

Refers to regions or layers located towards the top or surface of an area, often pertaining to atmospheric layers, geological strata, or aquatic depths.

Fertile Ecosystems

Ecosystems with high levels of productivity and biodiversity, capable of supporting extensive food webs and numerous species.

Flowing-Water Ecosystem

A river or stream ecosystem.

River

A natural flowing watercourse, usually freshwater, flowing towards an ocean, sea, lake, or another river.