What effects occur when an account payable is paid with cash?

a. Decreases stockholders’ equity and decreases liabilities
b. Decreases assets and increases stockholders’ equity
c. Decreases assets and decreases liabilities
d. Increases assets and decreases liabilities

c. Decreases assets and decreases liabilities

Explanation:

The journal entry to record the given transaction is shown below:

Account payable A/c Dr

       To Cash A/c

(Being the account payable is paid for cash is recorded)

Since the account payable is paid in cash that effects the two accounts i.e current assets and the current liabilities. Both the accounts are decreased.

what

explanation:

answer; 33,000;