Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for services rendered, and the purchase of equipment for $21,000.What net effect do these entries have on owners' equity?
A)Decrease of $71,000.
B)Decrease of $39,000.
C)Decrease of $18,000.
D)Increase of $11,000.

Question

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The Answer of Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for services rendered, and the purchase of equipment for $21,000.What net effect do these entries have on owners' equity?
A)Decrease of $71,000.
B)Decrease of $39,000.
C)Decrease of $18,000.
D)Increase of $11,000.

Mune Company Recorded Journal Entries for the Payment of $50,000