[Answer] Dolphin company paid off 30 000 of its accounts payable in cash. What would be the effect of its transaction on the accounting equation?

Answer: Assets 30 000 decreases; liabilities decreases; equity no affect

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Dolphin company paid off 30 000 of its accounts payable in cash. What would be the effect of its transaction on the accounting equation? Dolphin company paid off $30 000 of its accounts payable in cash . What would be the effects of this transaction on the accounting equation Assets decrease $30 000; Liabilities decrease $30 000; Equity no … The description of the relation between a company's assets liabilities and equity which is expressed as Assets = Liabilities + Equity is known as the: accounting equation Saddleback Company paid off $30 000 of its accounts payable in cash . If a company has excess space in its building that it rents to another company for $700 what is the effect on the accounting equation when the first rent payment is collected?-Assets would decrease $700 and liabilities would decrease $700.-Liabilities would … Phonometer Company paid off $30 000 of its accounts payable in cash . Saddleback company paid off $30 000 of its accounts payable in cash . what would be the effects of this transaction on the accounting equation? 8 Photometer Company paid off $30 000 of its accounts payable in cash . What is the journal entry that will be recorded? A. Debit Accounts Payable $3...

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