1 points Lee Chan, owner of the China Wine Bar, had $40,000 in liabilities and $160,000 in stockholders' equity for 20x1. In 20x2, the assets increased by $20,000 and the liabilities increase by $5,000. Thus, the stockholders' equity in 20x2 is: $15,000 $45,000 O $175,000 $200,000 QUESTION 30 1 points Save A The Burr Hotel engaged in the following transactions during August 2020. #1 Sold $1,500 worth of merchandise on credit. #2 Borrowed $3,000 from the bank. #3 Purchased $9,000 of kitchen equipment with cash. #4 Collected the $1,500 it was owed from transaction #1. #5 Paid back the bank for the loan from transaction #2 with $80 of interest. The correct journal entry to record transaction #5 is: Debit Cash for $3,000, credit the Notes Payable for $3,000 Debit Notes Payable for $3,000 and Credit Cash for $3,000 Debit Cash for 3,080, Credit Interest Expense for $80 and Credit Notes Payable for $3,000 Debit Interest Expense for $80, Debit Notes Payable of $3,000 and Credit Cash for $3,080