Gomez service company paid his first installment on a note payable in the amount of $2000 how will the transaction affect the accounting equation

answer after submiss cemaining Time: 1 hour, 32 seconds. uestion Completion Status: Moving to the next question prevents changes to this answer. estion 39 March Accounts Payable 10 800 Cash 800 Paid creditors on account What effects does this journal entry have on the accounts? O a. increase Cash, decrease Accounts Payable b. decrease Accounts Payable, increase Cash Oc. increase Accounts Payable, increase Cash O d. decrease Accounts Payable, decrease Cash