Question 17 3 pts Saturn Company paid $10,000 on accounts payable. How does this transaction affect the accounting equation of Saturn? assets decrease by $10,000 and equity increases by $10,000 O assets decrease by $10,000 and liabilities decrease by $10,000 assets increase by $10,000 and equity decreases by $10,000 O assets increase by $10,000 and liabilities increase by $10,000 D Question 18 3 pts XYZ company collected $1,100 from a customer that was owed to them on accounts receivable. This has the following affect on the accounting equation increases an asset, decreases a liability decreases a liability, increases owners equity increases an asset, decreases a different asset decreases an asset, decreases a liability Question 19 8 pts ABC Roofing company had $17,000 in revenue for the month of July. They had expenses as follows: Salaries and Wages, $6,200 Rent, $850 , Vehicle Expenses, $975 Dave Smith, the owner of the company withdrew $1,000 of his initial investment in the business during July. What was the company's net income for the month? Question 20 8 pts Taylor Enterprises had a beginning capital balance of $172,890. At the end of the accounting period, the owners equity statement balance was $198,850. There were $0 capital withdrawals. What was the net income for that period