Business, 02.01.2020 22:31 weeblordd

Venus inc. paid $5,000 for account payable. how does this transaction affect the accounting equation of venus?

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 equity decreases by $5,000
d) assets increase by $5,000 and liabilities increase by $5,000

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Venus inc. paid $5,000 for account payable. how does this transaction affect the accounting equation...