Cullumber Company recorded journal entries for the issuance of common stock for

$191000

, the payment of

$63000

on accounts payable, and the payment of salaries expense of

$102000

. What net effect do these entries have on stockholders' equity?\ increase of

$89000

Cullumber Company recorded journal entries for the issuance of common stock for $191000, the payment of $63000 on accounts payable, and the payment of salaries expense of $102000. What net effect do these entries have on stockholders' equity? increase of $89000