QUESTION 38 Macy's 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 C. Increase of $95,000 D. Increase of $30,000. QUESTION 39 Grace Mercy Hospital financed the purchase of a Surgical System by making payments of $25,000 at the end of each of five years. The appropriate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.8666. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the Surgical System to Grace Mercy Hospital? A. $36,985 B. 599,818 C. $125,000 D. $146,668 QUESTION 40 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers MacBook Air 80 888 1 2 17