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Indicate How Each of the Following Transactions Affect the Cash

Question 125

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Indicate how each of the following transactions affect the cash balance.

Premises:
Increase in inventory, paid with cash
Sale of common stock for cash
Payment of cash dividends
Depreciation expense for the period
Payment of long-term debt
Loan of money to another company
Increase in Accounts Payable
Purchase of equipment on account
Responses:
increase
decrease
no change

Correct Answer:

Increase in inventory, paid with cash
Sale of common stock for cash
Payment of cash dividends
Depreciation expense for the period
Payment of long-term debt
Loan of money to another company
Increase in Accounts Payable
Purchase of equipment on account
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