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