give reason ...ty

If a Hurko, Inc. paid dollar 38,000 of its accounts payable in cash, what was the effect on the assets, liabilities and shareholder's equity? Assets would decrease dollar 38,000, liabilities would decrease dollar 38,000, and equity would decrease dollar 38,000. Assets would decrease dollar 38,000, liabilities would decrease dollar 38,000, and equity would increase dollar 38,000. Assets would decrease dollar 38,000, liabilities would decrease dollar 38,000, and equity would not change. There would be no effect on the accounts because the accounts are affected by the same amount. None of the above