Indicate the Effect That Each of the Following Transactions Has

question 99

Essay

Indicate the effect that each of the following transactions has on the cash balance. Use (I) for increase, (D) for decrease, and (N) for no change.
a) ________ Increase in inventory, paid with cash
b) ________ Sale of common stock for cash
c) ________ Payment of cash dividends
d) ________ Depreciation expense for the period
e) ________ Payment of long-term debt
f) ________ Loan of money to another company
g) ________ Increase in Accounts Payable
h) ________ Purchase of equipment on account