Pad Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable, and the payment of salaries expense of $105,000. What net effect do these entries have on stockholders' equity? a. Increase of $200,000. b. Increase of $135,000. Increase of $95,000. d. Increase of $30,000. C. 37. Max Company recorded journal entries for the declaration of $250,000 of dividends, the $160,000 increase in accounts receivable for services rendered, and the purchase of equipment for $105,000. What net effect do these entries have on stockholders' equity? a. Decrease of $355,000. b. Decrease of $195,000. c. Decrease of $90,000. d. Increase of $55,000