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What effect does this transaction have on the accounting equation? Paid part of an amount owed to a creditor. Select one: Increase liabilities; Decrease equity

What effect does this transaction have on the accounting equation? Paid part of an amount owed to a creditor. Select one: Increase liabilities; Decrease equity Decrease assets; Decrease equity Increase an asset; Decrease a different asset Increase assets; Increase equity Decrease assets; Decrease liabilities Increase assets; Increase liabilities Clear my choice

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