Indicate the Effect That Each of the Following Transactions Has

question 32

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) ________ Issued common stock for equipment trade
b) ________ Acquired building for cash
c) ________ Purchase equipment on account
d) ________ Declared a cash dividend
e) ________ Purchased supplies with cash
f) ________ Received payment on account
g) ________ Borrowed money by issuance of a long-term debt
h) ________ Purchased equipment on account to be paid within one year

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