Photometer Company paid off $30,000 of its accounts payable in cash. Which of the following would be correct in regards to recording this transaction? Debit to Cash; Credit to Accounts Payable; Assets and Liabilities both decrease Debit to Cash; Credit to Accounts Payable; Assets and Liabilities both increase Debit to Accounts Payable; Credit to Cash; Assets and Liabilities both increase Debit to Accounts Payable; Credit to Cash; Assets and Liabilities both decrease None of the above are correct