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majestico majestico
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6 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
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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majestico Author
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#2
6 years ago
This is excellent. Excellent answer
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