Xxx company paid $2850 oaccount. The effect of this transactioothe accounting equatiois to ( ).<br>· decrease assets and decrease owner’s equity<br>· increase liabilities and decrease owner’s equity<br>· have no effect ototal assets<br>· decrease assets and decrease liabilities

Xxx company paid $2850 oaccount. The effect of this transactioothe accounting equatiois to ( ).
· decrease assets and decrease owner’s equity
· increase liabilities and decrease owner’s equity
· have no effect ototal assets
· decrease assets and decrease liabilities

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