Analyze the following transaction and select the best answer. The business pays $2,000 in cash to the landlord for office space rent.

Knowledge Analyze the following transaction and select the best answer. The business pays $2,000 in cash to the landlord for office space rent. Expenses reduce by $2,000 Equity remains unchanged Equity reduces by $2,000 Assets increase by $2,000 Liabilities reduce by $2,000