transactions of Pacific Trucking are analyzed on the following pages. The ledige To give you practice in using the new rules of debit and credit, a of Pacific Trucking was begun on page 89. In applying these rules to the trans must master the technique of analyzing transactions if you want to be a skille actions, you should try to do the analysis before reading the explanations. Yo Chapter 4 number Applying the Rules of Debit and Credit Step 4 accountant. (A) TRANSACTION | The company purchases $200 worth of supplies from Packham Products, to be paid for later. Su P Analysis When learning to analyze a transaction correctly, it is helpful to use a transe tion analysis sheet. This sheet, shown below, provides a place to organize yoz thoughts about the transaction. Proceed according to the following steps: Step 1 In column (A), write down the names of the accounts that are affected by the transaction, as in this example. (A) Account Names (B) Asset, Liability or Owner's Equity (C) Increase (+) or (D) Debit or Credit (E) Amount Decrease (-)