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Using Accrual-basis accounting, how do we analyze the following transaction? The business paid $4,000 to a supplier for an old transaction. O a. Decrease OE(Exp)

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Using Accrual-basis accounting, how do we analyze the following transaction? The business paid $4,000 to a supplier for an old transaction. O a. Decrease OE(Exp) and Decrease Liabilities(A/P) O b. Decrease Asset (Cash) and Decrease OE(Expense) O c. Decreases Asset(cash) and Increase OE(Exp) O d. Decrease Asset(Cash) and Decrease Liabilities (A/P)

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