Venus inc. paid $5,000 for account payable. how does this transaction affect the accounting equation of venus? select one:
a. assets decrease by $5,000 and liabilities decrease by $5,000.
b. assets decrease by $5,000 and equity increases by $5,000.
c. assets increase by $5,000 and equity decreases by $5,000.
d. assets increase by $5,000 and liabilities increase by $5,000.