Mune Company recorded journal entries for the declaration of $250,000 of dividends, the $160,000 increase in...
Mune Company recorded journal entries for the declaration of $250,000 of dividends, the $160,000 increase in accounts receivable for services rendered, and the purchase of equipment for $105,000. What net effect do these entries have on stockholders’ equity?
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Decrease of $355,000. |
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Decrease of $195,000. |
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Decrease of $90,000. |
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Increase of $55,000. |
Homework Answers
Ans B
Stockholders equity Decrease by the 195000
Dividend and purchase equipment are Decrease and increase in account receivables are increasing the stockholders equity
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Mune Company recorded journal entries for the declaration of
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