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Ivanhoe Company recorded journal entries for the issuance of common stock for $205000 , the payment of $63000 on accounts payable, and the payment of

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

$205000

, the payment of

$63000

on accounts payable, and the payment of salaries expense of

$109500

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

$205000

\ increase of

$32500

\ increase of

$142000

\ increase of

$95500
image text in transcribed
Ivanhoe Company recorded journal entries for the issuance of common stock for $205000, the payment of $63000 on accounts payable, and the payment of salaries expense of $109500. What net effect do these entries have on stockholders' equity? increase of $205000 increase of $32500 increase of $142000 increase of $95500

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