Transactions

Increase,

Decrease, or No

Effect on Cash

$1$ Inventory is bought on credit. $<----$ use dropdown menu to select answer

$2$ A dividend is paid.

$3$ Sales taxes are collected.

$4$ Land is purchased with a mortgage.

$5$ Sales are made on credit.

$6$ Interest is received.

$7$ Next year's income taxes are prepaid.

$8$ Received an invoice from a plumber.

$9$ Sent an invoice to a customer.

$10$ Reimbursed employee for travel.

$11$ A commission is paid to a salesperson.

$12$ The office copier is depreciated.