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Goch General Engineering Company (GGEC) recorded journal entries for the payment of 60,000 of dividends, a 30,000 increase in accounts receivable for services rendered,

Goch General Engineering Company (GGEC) recorded journal entries for the payment of 60,000 of dividends, a 30,000 increase in accounts receivable for services rendered, and the purchase of equipment for 28,000. What net effect do these entries have on the owners' equity?

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