Question: Indicate whether each transaction will increase, decrease or have no change to the cash balance and owner's equity. TransactionCash BalanceOwner's EquityPay miscellaneous expensesDecreaseDecrease 1 )
Indicate whether each transaction will increase, decrease or have no change to the cash balance and owner's equity.
TransactionCash BalanceOwner's EquityPay miscellaneous expensesDecreaseDecrease Pay interest on a bank loanAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Recognize one month of prepaid insuranceAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Receive cash from salesAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Pay cash to purchase property, plant & equipmentAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Pay cash for maintenance expenseAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Prepay insurance for the following yearAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Obtain a loan from the bankAnswer Question IncreaseDecreaseNo ChangeAnswer Question IncreaseDecreaseNo Change Pay cash to reduce principal portion of a bank loan
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