The payroll paid 3000 cash for salary on dec 30 what

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The payroll paid $3,000 cash for salary on Dec. 30. What is the effect on the expanded accountingequation Select one or more:a. Asset increased by 3,000 and liabilities increased by 3,000.b. Liabilities increased by 3,000, no effect to asset. c. Asset decreased by 3,000 and expense increased by 3,000. d. No effect. The correct answer is: Asset decreased by 3,000 and expense increased by 3,000.
2/20/2020Homework Week 2: Attempt review6/8Question 17transaction? CorrectMark 1.00 out of1.00Question 18CorrectMark 1.00 out of1.00Dec. 3 James Gym purchased 30,000 equipment using cash. What is the journal entry to record thetransaction?
What is matching principle
2/20/2020Homework Week 2: Attempt review7/8Question 19CorrectMark 1.00 out of1.00Question 20CorrectMark 1.00 out of1.00Question 21CorrectMark 1.00 out of1.00Question 22CorrectMark 1.00 out of1.00Please select the basic rule for accrual accounting.

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