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2.indicate the effect that each of the following transactions has on the cash balance. Use (I) for increase, (D) for decrease, and (N) for no

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2.indicate the effect that each of the following transactions has on the cash balance. Use (I) for increase, (D) for decrease, and (N) for no change. a. Issued common stock for cash b. Acquired equipment for cash c. Purchase equipment on account d. Declared a cash dividend e. Purchased supplies on account fReceived payment on account Borrowed money by issuance of a long-term debt Dasrehaced tuck on account to be paid within one year

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