Determining Financial Effects of Transactions Affecting Current Liabilities with Discussio...

Determining Financial Effects of Transactions Affecting Current Liabilities with Discussion of Cash Flow Effects (AP9-2)

Using data from the previous problem, complete the following requirements.

Required:

1. For each transaction (including adjusting entries) listed in the previous problem, indicate the effects (e.g., cash + or —), using the following schedule:

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