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
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

Question

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The Answer of 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
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

Indicate the Effect That Each of the Following Transactions Has