Brief Exercise 1-4 For each of the following items, indicate (a) the type of business activity-operating, Investing, or financing and (b) whether it increased, decreased, or had no effect on cash 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