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  3. assume during the month of february 100000 of bonds...

Question: assume during the month of february 100000 of bonds...

Question details

. 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)

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