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Saturn, Inc. paid $ 5,000 on accounts payable. How does this transaction affect the accounting equation of Saturn? A. assets decrease by $5,000 and equity
Saturn, Inc. paid $ 5,000 on accounts payable. How does this transaction affect the accounting equation of Saturn?
A. assets decrease by $5,000 and equity increases by $5,000
B. assets decrease by $5,000 and liabilities decrease by $5,000
C. assets increase by $5,000 and liabilities increases by $5,000
D. assets increase by $5,000 and equity decreases by $5,000
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