If a company receives $$20,000$ cash on accounts receivable and uses the cash to pay $$20,000$ on accounts payable then:

Select one:

a$.$

liabilities would decrease by $$20,000$ while stockholders' equity would increase by $$20,000.$

b$.$

None of the above are correct.

c$.$

assets would decrease by $$20,000$ while liabilities would decrease by $$20,000.$

d$.$

liabilities would decrease by $$20,000$ while stockholders' equity would decrease by $$20,000.$

e$.$

assets would increase by $$20,000$ while liabilities would decrease by $$20,000.$