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A business paid $ 5 , 8 0 0 to a creditor in payment of an amount owed. The effect of the transaction on the

A business paid $5,800 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to
Question 18 options:
A)
increase an asset, increase owner's equity.
B)
increase an asset, increase a liability.
C)
decrease an asset, decrease a liability.
D)
increase one asset, decrease another asset.

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