Assume during the month of February $100,000 of bonds are sold by Husky Company. The journal entry at time of issue would be Dr. Cash $100,000 and Cr. Bonds Payable $100,000. When comparing the balance sheets for January 31 to February 28, if total Assets increased by $375,000 and total Liabilities increased by $250,000, then the change in Stockholders’ Equity would be _________________. (Identify amount and if it is an increase or decrease)

Answer rating: 100% (QA)

ASSETS LIABILITY EQ... View the full answer