What are effects of this transaction on accounting equation

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On September 30, MFP Co. paid employee salaries $7,000, including $1,000 it owed to its employees last month. What are the effects of this transaction on the accounting equation?

Reference no: EM13129119

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What are effects of this transaction on accounting equation : On September 30, MFP Co. paid employee salaries $7,000, including $1,000 it owed to its employees last month. What are effects of this transaction on the accounting equation?

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