Activity 1.a - Analyze the Transactions Review the transactions and determine the accounts, the account types, if they increase/decrease and if they are DR/CR. HINT Bought a company truck by signing a note at the bank. Account Name Truck Notes Payable Account Type Asset Liability Paid in advance for a one year insurance policy. Increase/Decrease Debit/Credit Increase Debit Increase Credit Account Type Increase Increase/Decrease Debit/Credit Debit Account Name Prepaid Insurance Asset