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Vaughn Manufacturing recorded journal entries for the declaration of $245000 of dividends, the $155500 increase in accounts receivable for services rendered, and the purchase of
Vaughn Manufacturing recorded journal entries for the declaration of $245000 of dividends, the $155500 increase in accounts receivable for services rendered, and the purchase of equipment for $105000. What net effect do these entries have on stockholders' equity? Increase of $50500. Decrease of $350000. Decrease of $89500. Decrease of $194500. 0000 Vaughn Manufacturing received $21000 on April 1, 2020 for one year's rent in advance and recorded the transaction with a credit to a nominal account. The December 31, 2020 adjusting entry is debit Rent Revenue and credit Unearned Rent Revenue, $15750. debit Unearned Rent Revenue and credit Rent Revenue, $5250. debit Unearned Rent Revenue and credit Rent Revenue, $15750. debit Rent Revenue and credit Unearned Rent Revenue, $5250
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