pal Shah Question 18 Cedar Park Company paid $600 of its accounts payable in cash. What is the effect on the accounting equation? O Assets, no effect; liabilities, $600 decrease; equity, $400 increase. O Assets, $600 increase; liabilities, no effect; equity, $600 increase. O Assets, $600 decrease; liabilities, $600 decrease; equity, no effect. O Assets, $600 decrease; liabilities, $400 increase; equity, $200 decrease. Nexday 1 pts