[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 30000 of its accounts payable in cash . What would be the effect of its transaction on the accounting equation ? Assets 30 000 decreases; liabilities decreases; equity no affect. A company purchased supplies on account. What is the effect on the accounting equation ? 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 . 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. 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 … 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....

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