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You are the bookkeeper for a small business. It is time to record the payroll. Which best describes the effect of payroll transactions on the

You are the bookkeeper for a small business. It is time to record the payroll. Which best describes the effect of payroll transactions on the accounting equation? 0 0 0 0 Payroll transactions increase assets. Payroll transactions decrease equity. Payroll transactions decrease liabilities. Payroll transactions decrease liabilities

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