30. The payment of employee salaries has what effect on the accounting equation?

	a.	Assets decrease and liabilities increase.
	b.	Assets decrease and stockholders equity decreases.
	c.	Liabilities decrease and stockholders equity decreases.
	d.	Assets increase and liabilities decrease.

31. What type of account is increased with a debit but is a decrease to Retained Earnings?

	a.	Revenue
	b.	Liability
	c.	Asset
	d.	Expense

33. The initial step in the recording process is posting.

True

False