He Corporation had the following transactions:

Instructions
Complete the above table indicating whether each transaction will increase (+), decrease (-), or have no effect (NE) on (a) profit and (b) cash provided (used) by operating activities. The first one has been done for you as an example.

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Cash Provided (Used) by Operating Activities Profit 1. Sold merchandise inventory for cash at a higher price than its cost 2. Collected cash in advance from a customer for a service to be uc mechanseunt ina perpetual inventory system. 4. Declared and paid dividends. 5. Recorded and paid salaries 6. Recorded income tax payable. 7. Accrued interest receivable. 8. Recorded depreciation expense. 9. Paidan amount owing on account to a supplier. 10. Collected an amount owing from a customer.