Gasset equator. GoogleSnarch 1 + Help Save & Ex Saddleback Company paid off $42,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation? Multiple Choice Assees, $42,000 increase, equity, $42000 increase Assets, $42.000 decrease, liabilities, $42,000 decrease Assets, $42,000 decrease, liabilities, $42,000 increase Labilites, $42.000 decrease, equity. $42.000 increase Prev 50( 301. Next > rch