Paying for supplies previously purchased would have what effect on the accounting equation?
A) Assets decrease and stockholders' equity decreases.
B) Assets increase and liabilities increase.
C) Liabilities decrease and stockholders' equity increases.
D) Assets decrease and liabilities decrease.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.