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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 28, 2016



Title: Venus, Inc. paid $12,000 on accounts payable. How does this transaction affect the accounting ...
Post by: H3Ko on Aug 28, 2016
Venus, Inc. paid $12,000 on accounts payable. How does this transaction affect the accounting equation of Venus?
A) assets increase by $12,000 and equity decreases by $12,000
B) assets decrease by $12,000 and equity increases by $12,000
C) assets decrease by $12,000 and liabilities decrease by $12,000
D) assets increase by $12,000 and liabilities increase by $12,000


Title: Re: Venus, Inc. paid $12,000 on accounts payable. How does this transaction affect the accounting ...
Post by: Mrgo-breed on Aug 28, 2016
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Title: Re: Venus, Inc. paid $12,000 on accounts payable. How does this transaction affect the accounting ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.


Title: Re: Venus, Inc. paid $12,000 on accounts payable. How does this transaction affect the accounting ...
Post by: Mrgo-breed on Oct 16, 2016
I'm liking this :)