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Other Fields Homework Help Accounting Topic started by: majestico on Jun 6, 2017



Title: Indicate the effect that each of the following transactions has on the cash balance. Use (I) for ...
Post by: majestico on Jun 6, 2017
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 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


Title: Re: Indicate the effect that each of the following transactions has on the cash balance. Use (I) for ...
Post by: keytwo on Jun 6, 2017
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Title: Re: Indicate the effect that each of the following transactions has on the cash balance. Use (I) for ...
Post by: majestico on Sep 3, 2017
This is excellent. Excellent answer