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ABC recorded journal entries for the declaration of KD55,000 of dividends, the KD32,000 increase in accounts receivable for services provided, the KD12,000 decrease in cash
ABC recorded journal entries for the declaration of KD55,000 of dividends, the KD32,000 increase in accounts receivable for services provided, the KD12,000 decrease in cash for the payment of salaries expenses, and the purchase of equipment for KD10,000. The net effect of these entries have on equity will be KD Note: if your answer is negative (decrease) for example a decrease of 5000, just enter -5000 If your answer is an increase in equity, you need to enter 5000 Do not use any symbol such as KD, (5000)..... enter only numbers and negative sign-, if needed, only
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