Mune Company recorded journal entries for the payment of $50,000 of dividends, the$32,000 increase in...
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Accounting
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?
I know the answer is 50,000-32,000
But I do not understand why this answer is correct.
Would you explain it ?
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