Google Search+ Help Save & Exit Saddleback Company paid off $42,000 of its accounts payable in cash What would be the effects of this transaction on the accounting equatio? Multiple Choioe Assets, 542.000 increese, equity, $42,000 increase Assets, $42,000 decrease, liabilties, $42.000 decrease Assets, $42.000 decrease, Babilities, $42.000 increase Liabilities, $42000 decrease, equity, $42,000 increass