Using the double-entry system, together with the accounting equation, determine what debits and credits apply in the following scenario. The business pays off a loan it took out by EFT from its bank account. Select one: Oa. Credit assets, debit owners' equity O b. Debit assets, credit liabilities O c. Debit assets, credit owners' equity O d. Credit assets, debit liabilities Using the double-entry system, together with the accounting equation, determine what debits and credits apply in the following scenario The business pays cash for some office stationery Select one: a. Credit assets, debit owners' equity o b. Debit assets, credit owners' equity O c.Debit assets, credit liabilities O d. Credit assets, debit liabilities