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The payroll paid $3,000 cash for salary on Dec. 30. What is the effect on the expanded accounting equation Select one or more a. No
The payroll paid $3,000 cash for salary on Dec. 30. What is the effect on the expanded accounting equation Select one or more a. No effect b. Asset increased by 3,000 and liabilities increased by 3,000 c. Liabilities increased by 3,000, no effect to asset. d. Asset decreased by 3,000 and expense increased by 3,000
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
