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What the effects of transaction on accounting equation

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Question - Saddleback Company paid off $42,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?

Reference no: EM131638179

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What the effects of transaction on accounting equation : Saddleback Company paid off $42,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation
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