Today Cedar Park Company Paid 600 Of Its Accounts Payable In Cash What Is The Effect On The Accounting Equation Asse 1 (103.54 KiB) Viewed 28 times
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Today, Cedar Park Company paid $600 of its accounts payable in cash. What is the effect on the accounting equation? Assets, $600 increase; liabilities, no effect; equity, $600 increase. Assets, $600 decrease; liabilities, $600 decrease; equity, no effect. Assets, $600 decrease; liabilities, $400 increase; equity, $200 decrease Assets, no effect; liabilities, $600 decrease; equity, $400 increase
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