Question: For the transaction completed by Highmark, identify the effect on the accounting equation: Paid employee wages for the month. Select one: a . Assets increase
For the transaction completed by Highmark, identify the effect on the accounting equation:
Paid employee wages for the month.
Select one:
a Assets increase and Liabilities increase
b Assets increase and Stockholders' Equity increase
c No effect on the accounting equation
d Liabilities increase and Stockholders' Equity decrease
e Assets decrease and Stockholders' Equity decrease
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