For each of the following items, indicate (a) the type of business activity-operating (O), investing (I), or financing (F)-and (b) whether it increased (1), decreased (-), or had no effect (NE) on cash. The first one has been done for you as an example.

Transcribed Image Text:

Type of Activity Cash Effect 1. Sold goods on account. 2. Borrowed money from a bank 3. Purchased inventory for cash. 4. Provided a service for cash. 5. Paid salaries in cash. 6. Purchased a delivery truck for cash. NIE