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 expensesDecreaseDecrease1) Pay interest on a bank loanAnswer 1 Question 18IncreaseDecreaseNo ChangeAnswer 2 Question 18IncreaseDecreaseNo Change2) Recognize one month of prepaid insuranceAnswer 3 Question 18IncreaseDecreaseNo ChangeAnswer 4 Question 18IncreaseDecreaseNo Change3) Receive cash from salesAnswer 5 Question 18IncreaseDecreaseNo ChangeAnswer 6 Question 18IncreaseDecreaseNo Change4) Pay cash to purchase property, plant & equipmentAnswer 7 Question 18IncreaseDecreaseNo ChangeAnswer 8 Question 18IncreaseDecreaseNo Change5) Pay cash for maintenance expenseAnswer 9 Question 18IncreaseDecreaseNo ChangeAnswer 10 Question 18IncreaseDecreaseNo Change6) Prepay insurance for the following yearAnswer 11 Question 18IncreaseDecreaseNo ChangeAnswer 12 Question 18IncreaseDecreaseNo Change7) Obtain a loan from the bankAnswer 13 Question 18IncreaseDecreaseNo ChangeAnswer 14 Question 18IncreaseDecreaseNo Change8) Pay cash to reduce principal portion of a bank loan

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