The following transactions occurred during 2022.

1 Issued shares to investors for cash.

2 Provided services to customers, receiving part in cash and the rest on credit.

3 Incurred advertising expense, paid in cash.

4 Collected cash from accounts receivable.

5 Repaid a bank loan.

6 Purchased equipment on credit.
7 Bought inventory for cash.
8 Sold goods on credit (COGS equals 60 per cent of sales).
9 Paid wages expense for the period.
10 Received a loan from the bank.
11 Incurred maintenance expense, paid cash.
12 Declared and paid a cash dividend to investors.
For each of the transactions, indicate the effect (+ for increase and – for decrease) of each transaction on revenues, expenses and net profit. Write NE if there is no effect.