CHAPTER 1 BE1.4 (LO 3) 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 (+), decreased (-), or had no effect (NE) on cash. The first one has been done for you as an example. 1. Sold goods on account. 2. Borrowed money from a bank. 3. Purchased inventory for cash. 4. Provided a service for cash. 5. Purchased supplies on account. 6. Paid salaries in cash. 7. Paid dividends. 8. Purchased a delivery truck for cash. BRIEF EXERCISE 1.4 12345 CON 1. 2. 3. 4. 5. 6. 7. 8. a. OLOOOOFI b. NE ++ NE (a) Type of Activity (b) Cash Effect NE O LO 3 BT C Difficulty: M TIME: 5 min. AACSB: None CPA cpa-t001 CM: Reporting 0 MS Mar If ite cash

BE1.4 (LO 3) 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 (+), decreased (), or had no effect (NE) on cash. The first one has been done for vou as an example. LO3 AI C DAfficulty M TIME 5 min. AACSB None CPA cpat00t CM Reporting