What is the effect on a businesss equity account of payment


Problem

What is the effect on a business's equity account of a payment on a bill that has already been booked (recorded as an accounts payable)?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the effect on a businesss equity account of payment
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