$400.00 cash was used to reduce the accounts payable of a business. Which of the following accurately reflects the transaction? a. credit cash/credit accounts payable b. debit cash/credit accounts payable c. debit cash/debit accounts payable d. credit cash/debit accounts payable Analyze the following transaction for its effect on a business. Bought supplies for $6,800.00 cash. a. assets increase/assets decrease b. assets decrease/owners' equity increases c. assets increase/liabilities decrease d. assets decrease/liabilities increase