RANSACTION ANALYSIS Before a transaction is recorded in the journal, it should be analyzed to determine the following: (a) What accounts are affected by the transaction. (b) Whether each affected account is to be increased or decreased. (c) Whether the increase or decrease is to be accomplished by a debit or credit. In the following list of transactions for Abbott Service Co., indicate the names of the accounts to be debited and credited. Place a check mark in either the plus (+) or minus () column to indicate whether the account has been increased or decreased. The first transaction is entered as an illustration. Transaction Account (+) () 1. J. A. Abbott invested cash in a business enterprise. Debit: Cash