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H3Ko H3Ko
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Posts: 4891
7 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Posts: 2227
7 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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7 years ago
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