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Taya2010 [7]
3 years ago
10

​saturn, inc. paid​ $13,000 on accounts payable. how does this transaction affect the accounting equation of​ saturn?

Business
1 answer:
lora16 [44]3 years ago
8 0
In balancing the assets, liabilities, and networth, the equation would have to be,
            net worth = assets - liabilities

The equation signifies that the net worth is equal to the total asset subtracted with the total liabilities. 

If one is to pay of an accounts payable (which is a liability), one's liabilities will be subtracted. The asset used to pay the payable can be also be deducted. 
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