21 If the liabilities of a company increased $74,000 during a period of time and equity in the company decreased $19,000 during the same period, what was the effect on the assets? 16 Multiple Choice points 8 01:33:19 Assets would have decreased $19,000. Assets would have increased $55.000 Assets would have decreased $55.000 22 Martin Company purchases a machine at the beginning of the year at a cost of $75,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $5,000 salvage value. Depreciation expense in year 4 is 16 points Multiple Choice 8 04.2010 $14,000 $15,000 $0 24 J. Smith, the sole stockholder, received a $100 dividend from Jay's Limo Services. Which of the following general journal entries will Jay's Limo Services make to record this transaction? 16 points Multiple Choice 8 01:32:46 Dividends Common Stock 100 100 100 Cash Dividends 100 Common Stock 100! M