Question: Indicate whether each transaction will increase, decrease or have no change to the cash balance and owner's equity. Transaction Cash Balance Owner's Equity Pay miscellaneous

Indicate whether each transaction will increase,
Indicate whether each transaction will increase, decrease or have no change to the cash balance and owner's equity. Transaction Cash Balance Owner's Equity Pay miscellaneous expenses Decrease Decrease 1) Pay interest on a bank loan 2) Recognize one month of prepaid insurance 3) Receive cash from sales 4) Pay cash to purchase property, plant & equipment 5) Pay cash for maintenance expense 6) Prepay insurance for the following year 7) Obtain a loan from the bank 8) Pay cash to reduce principal portion of a bank loan page

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