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11/13/19

[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 effect 17 Dolphin Company paid off $30 000 of its accounts payable in cash . What would be the effects of this transaction on the accounting equation ? B. Assets $30 000 decrease; liabilities $30 000 decrease; equity no effect 18. A company purchases supplies on account what is the effect on the accounting equation ? QN=4 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 increase. b. Assets $30 000 decrease liabilities $30 000 decrease equity no effect . Start studying Accounting 1A Chapter 1. Learn vocabulary terms and more with flashcards games and other study tools. ... Photometer Company paid off $50 000 of its accounts payable in cash . What would be the effects of this transaction on the accounting equation ? a) Assets $50 000 decrease; liabilities no affect; equity $50 000 decrease. ... Start studying Financial Accounting Final. Learn vocabulary terms and more with flashcards games and other study tools. ... the effect on the accounting equation would be: Assets increase $4 500 and liabilities increase $4 500. ... Saddleback Company paid off $30 000 of its accounts payab...

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