Use the following information for Questions 1 to 5. For each…
Use the following information for Questions 1 to 5. For each transaction indicate the accounts impacted, the dollar amount, and if it was an increase or decrease. (Each transaction must impact at least two accounts. Transactions can impact more then two accounts. Make sure to include all accounts!) Use the following format: (ACCOUNT NAME) ($ AMOUNT) (INCREASE/DECREASE) For Example: Bucky received $2,000 for the issuance of stock. Cash $2,000 Increase Common Stock $2,000 Increase Bucky Badger sold $20,000 of goods to a customer for cash. Bucky Badger had purchased the goods from a supplier for $5,000.