Refer to the previous problem.

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Required:

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1. For each transaction (including adjusting entries) listed in the previous problem, 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 and related adjusting entry, state whether cash flow from operating activities is increased, decreased, or remains unchanged.

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Date Assets Liabilities Shareholders' Equity