When a company pays $2,000 cash to settle a portion of its accounts payable, how do the accounts change? Question 16 options: Accounts Payable (liability) increases by $2,000 (credit), and Cash (asset) decreases by $2,000 (debit). Accounts Payable (liability) decreases by $2,000 (debit), and Cash (asset) decreases by $2,000 (credit). Accounts Payable (liability) increases by $2,000 (debit), and Cash (asset) increases by $2,000 (credit). There is no change in the accounts.