[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? Viscount Company collected $42 000 cash on its accounts receivable. The effects of this transaction as reflected in the accounting equation are: A. Total assets decrease and equity increases. B. Both total assets and total liabilities decrease. C. Total assets total liabilities and equity are unchanged. D. Question: Photometer Company Paid Off $30 000 Of Its Accounts Payable In Cash . What Would Be The Effects Of This Transaction On The Accounting Equation ?A. Assets $30 000 Increase; Liabilities No Effect ; Equity $30 000 IncreaseB. QN=252 Cooley company has the balance in the accounts payable at the beginning of March was $1 000. During the month of March Cooley company purc...

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