Sinoyianis Realty Company had the following balance sheet accounts and balances:
-If,$6,000 of Accounts Payable were paid in cash,what would be the balance of the Flora Sinoyianis,Capital account?

Question

Sinoyianis Realty Company had the following balance sheet accounts and balances: 
-If,$6,000 of Accounts Payable were paid in cash,what would be the balance of the Flora Sinoyianis,Capital account?

Quizplus · Accepted Answer

Paying off accounts payable in cash affects the assets and liabilities of a company but does not directly affect the owner's capital account balance.

Sinoyianis Realty Company Had the Following Balance Sheet Accounts and Balances