Determine how each of the following transactions affect liabilities.
a. Payment to employees for wages previously accrued
b. Accrue interest of $100 on a note payable
c. Payment of $90 to bank for interest accrued on a note payable

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The Answer of Determine how each of the following transactions affect liabilities.
a. Payment to employees for wages previously accrued
b. Accrue interest of $100 on a note payable
c. Payment of $90 to bank for interest accrued on a note payable

Determine How Each of the Following Transactions Affect Liabilities