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Indicate whether each transaction will increase, decrease or have no change to the cash balance and net worth. Under Account Affected, indicate which account
Indicate whether each transaction will increase, decrease or have no change to the cash balance and net worth. Under Account Affected, indicate which account will be used to affect the change in Net Worth, or select Not Applicable if Net Worth does not change. Transaction 1) Received the phone bill, due next month 2) Prepay a magazine subscription for a year 3) Received a student loan 4) Receive cash from a part-time job 5) Reduce the principal portion of a loan 6) Pay interest on the credit card balance 7) Received an expensive stereo as a gift from your family 8) Pay for food with cash Effect on Cash Effect on Net Balance Worth e 4 O 4 " Account Affected 4 4
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