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.

65 66 67 5. Teresa Company purchases $5,000 of office supplies, paying cash. 68 69 Accounts: Assets Liabilities Stockholders' Equity Revenues Expenses 70 71 72 73 74 75 12. Teresa Company determines that at August 31 it only has $800 of supplies remaining. See transaction #5. Accounts: Assets Liabilities Stockholders' Equity Revenues Expenses 13. Teresa Company depreciates its property, plant and equipment. Total depreciation expense for the month is $3,500. Accounts: Assets Liabilities Stockholders' Equity Revenues Expenses