Refer to the previous problem.

\section*{Required:}

1. For each transaction (including adjusting and reclassification entries), indicate the accounts affected, amounts, and direction of the effects ( + for increases and - for decreases) on the accounting equation. Use the following headings:

2. For each transaction, state whether cash flow from operating activities is increased, decreased, or remains unchanged.

Transcribed Image Text:

Date Assets Liabilities Shareholders' Equity