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Kodok Berhad paid off RM30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation? Select one:
Kodok Berhad paid off RM30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation? Select one: a. Assets, RM30,000 increase; liabilities, no effect; equity, RM30,000 increase. O b. Assets, RM30,000 decrease; liabilities, RM30,000 increase; equity, no effect. C. Assets, RM30,000 decrease; liabilities, no effect; equity RM30,000 decrease. d. Assets, RM30,000 decrease; liabilities, RM30,000 decrease; equity, no effect. e. Assets, no effect liabilities, RM30,000 decrease; equity, RM30,000 increase
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