Maso Company recorded journal entries for the issuance of common stock for $40,000, the payment of $13,000 on accounts payable, and the payment of salaries expense of $21,000.What net effect do these entries have on owners' equity?

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The Answer of Maso Company recorded journal entries for the issuance of common stock for $40,000, the payment of $13,000 on accounts payable, and the payment of salaries expense of $21,000.What net effect do these entries have on owners' equity?

Maso Company Recorded Journal Entries for the Issuance of Common