Insert Design Layout References Mailings Review View Help Tell me what you want to do Times New R 114 VA A Aa- BIU - abx x x A. A at Painter .... 1 Normal 1 No Spac... Heading 1 Heading Font Paragraph Styles Question No. (9 (1 minute): Maso Company recorded journal entries for the following: + Issuance of ordinary shares for $40,000 cash + Payment cash of $13,000 to the accounts payable + Payment of salaries expense cash of $21,000 + Providing services of $8,000 on account + Collection cash of $7,000 from the Accounts Receivable What NET effect do these entries have on Equity? Show your calculations LIB English (United States