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2 years ago
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
Textbook 
College Accounting: A Practical Approach
Edition: 13th
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2 years ago
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a) D, b) I, c) D, d) N, e) D, f) D, g) N, h) N
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wrote...
A year ago
This is excellent. Excellent answer
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