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Question 23 Indicate whether each transaction will increase, decrease or have no change to the cash balance and owner's equity, Quiz navi Not yet answered Transaction Cash Balance Owner's Equity Marked out at Pay miscellaneous expenses Decrease Decrease 1500 1) Pay interest on a bank loan P Flag question 2) Recognize one month of prepaid insurance Increase 3) Receive cash from sales Decrease No Change 4) Pay cash to purchase property, plant & equipment S 5) Pay cash for maintenance expense 6) Prepay insurance for the following year 7) Obtain a loan from the bank B) Pay cash to reduce principal portion of a bank loan Previous page Next page Type here to search 9 A