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Ex2. Review each of the following transactions and determine if the transaction will increase (I) decrease (D) or have no effect (NA) on TOTAL ASSETS

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Ex2. Review each of the following transactions and determine if the transaction will increase (I) decrease (D) or have no effect (NA) on TOTAL ASSETS of the company.Next to, Write Double entry transaction 1. Borrow money from the bank 2. Pay cash for inventory to sell to the customers 3. Issue common stock to investors 4. Purchase a truck for company use, agree to a notes payable 5. Pay employees who worked this week 6. Receive the utility bill - it will be paid later 7. Sell goods to a customer on account 8. Pay for insurance for the next 6 months 9. Use cash to make an investment to be held long term 10. Purchase the company's own stock from investors

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