Mune Company Recorded Journal Entries for the Declaration of $150,000

question 100

Multiple Choice

Mune Company recorded journal entries for the declaration of $150,000 of dividends, the $96,000 increase in accounts receivable for services rendered, and the purchase of equipment for $63,000. What net effect do these entries have on owners' equity?

• A) Decrease of $213,000.
• B) Decrease of $117,000.
• C) Decrease of $54,000.
• D) Increase of $33,000.

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Definitions:

Posterior Pituitary Gland

A gland located at the base of the brain that releases hormones like oxytocin and vasopressin, which are produced in the hypothalamus.

Hormones

Regulatory substances produced in organisms to stimulate specific cells or tissues into action.

Endocrine Gland

A gland that secretes hormones directly into the bloodstream to regulate various body functions.

Hypothalamus

A region of the brain that regulates various bodily functions, including temperature, thirst, hunger, and the release of hormones from the pituitary gland.