Identify the correct statement about accounting procedures: Identify the accounts involved in the transaction. Analyze the transaction to determine...

Identify the correct statement about accounting procedures:
Identify the accounts involved in the transaction.
Analyze the transaction to determine the accounts affected and the amounts involved.
Record the transaction in the appropriate journal, following the rules of double-entry accounting.
Classify the identified accounts.
Apply the general rules of double-entry accounting, establishing increases and/or decreases.
Continue applying the rules of double-entry accounting, transforming those increases and/or decreases into debits and credits.
Record what corresponds to the respective accounts in the accounting records.

a) Only items 1, 2, and 3 are correct.
b) Only items 4, 5, and 6 are correct.
c) All items are correct.