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  3. saturn, inc. paid $ 12 comma 000 on accounts payab

Saturn, Inc. paid $ 12 comma 000 on accounts payable. How does this transaction affect...

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Question

Accounting

Saturn, Inc. paid

$ 12 comma 000

on accounts payable. How does this transaction affect the accounting equation of Saturn?

A.

assets increase by

$ 12 comma 000

and equity decreases by $ 12 comma 000

B.

assets decrease by

$ 12 comma 000

and liabilities decrease by $ 12 comma 000

C.

assets decrease by

$ 12 comma 000

and equity increases by $ 12 comma 000

D.

assets increase by

$ 12 comma 000

and liabilities increase by $ 12 comma 000

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