Mune Company recorded journal entries for the declaration of $250000 of dividends, the $160000 increase in accounts receivable for services rendered, and the purchase of equipment for $105000. 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.
