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Homework answers / question archive / The payment of accounts payable results in a(n) decrease in liabilities and a decrease in assets, decrease in liabilities and an increase in assets, increase in liabilities and a decrease in owners' equity, decrease in liabilities and an increase in owners' equity

The payment of accounts payable results in a(n) decrease in liabilities and a decrease in assets, decrease in liabilities and an increase in assets, increase in liabilities and a decrease in owners' equity, decrease in liabilities and an increase in owners' equity

Accounting

The payment of accounts payable results in a(n)

decrease in liabilities and a decrease in assets,

decrease in liabilities and an increase in assets,

increase in liabilities and a decrease in owners' equity,

decrease in liabilities and an increase in owners' equity.

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Answer:

decrease in liabilities and decrease in assets.

since it results in as follows:

A/P debit-liabilities-decrease

cash credit-assets-decrease

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