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1. identify all accounts necessary to record the transaction properly. 2. Identify the total dollar impact of the transaction on total assets, total liabilities, total

1. identify all accounts necessary to record the transaction properly.

2. Identify the total dollar impact of the transaction on total assets, total liabilities, total stockholders' equity, total revenues and total expenses.

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5. Teresa Company purchases $5,000 of office supplies, paying cash. Accounts: Assets Liabilities Stockholders' Equity Revenues Expenses

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