Maso Company recorded journal entries for the issuance of common stock for $160,000, the payment...
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Accounting
Maso Company recorded journal entries for the issuance of common stock for $160,000, the payment of $52,000 on accounts payable, and the payment of salaries expense of $84,000. What net effect do these entries have on owners equity?
A) Increase of $108,000 B) Increase of $76,000 C) Increase of $24,000 D) Increase of $160,000
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