Revenues and expenses The following transactions occurred during XXXXXXXXXXIssued shares to investors for cash. 2 Provided services to customers, receiving part in cash and the rest on credit. 3...

Revenues and expenses The following transactions occurred during 2019. 1 Issued shares to investors for cash. 2 Provided services to customers, receiving part in cash and the rest on credit. 3 Incurred advertising expense, paid in cash. 4 Collected cash from accounts receivable. 5 Repaid a bank loan. 6 Purchased equipment on credit. 7 Bought inventory for cash. 8 Sold goods on credit (COGS equals 60 per cent of sales). 9 Paid wages expense for the period. 10 Received a loan from the bank. 11 Incurred maintenance expense, paid cash. 12 Declared and paid a cash dividend to investors. For each of the transactions, indicate the effect (+ for increase and – for decrease) of each transaction on revenues, expenses and net profit. Write NE if there is no effect.