a) repaid bank loan payable $7 million. (interest was repaid seperately)
b) paid cash to purchase property and equipment costing $6 million.
c) purchased additional property and equipment costing $2 million by issuing a note payable.
d) recorded franchise royalty revenues on account of $20 million.
by indicating the sign of the effect (+ for ioncrease, - for decrease, ne for no effect, and cd for cannot determine) of each transaction. Consider each item independently.