Recording periodic payroll journal entries create a many ___________.

Recording periodic payroll journal entries results in creating many current liabilities. This occurs because payroll expenses, such as wages, salaries, and taxes withheld, represent amounts that the company owes to its employees and various government agencies at the time the payroll is processed but has not yet been paid.

Current liabilities are obligations that a company needs to settle within one year, and payroll obligations fit this definition. When employees earn wages, the company incurs a liability to pay those wages. This liability is recorded in the accounting records until the company processes payroll and pays out the amounts owed.

In contrast, the other options do not relate directly to payroll entries in this context. Long-term assets pertain to resources that are expected to provide economic benefits for more than one year. Equity positions relate to ownership interests in the company rather than liabilities the company needs to settle. Intangible assets, like patents or trademarks, represent non-physical assets and are also not related to payroll liabilities. Thus, the correct identification of payroll responsibilities as current liabilities is essential in accurately reflecting a company's financial obligations in its accounting records.