Could you write every detail journal entries? And increase or decrease 28. Which transaction will affect the total of Current Assets? Write-off of Accounts Receivable Accrual of Interest Revenue Issue 5-year Bonds Purchase of Machine with Cash 30. Which accounts are closed with debits at year-end? Cost of Goods Sold Wage Expense Accumulated Depreciation Sales Revenue 32. Accrual of Wage Expense will have what effect on the following? Retained Earnings Working Capital Total Liabilities 33. Under the allowance method of recording bad debts, what is the effect of the year-end adjusting journal entry to record Bad Debt Expense? Retained Earnings Working Capital Total Liabilities 34. The issue of Common Stock for Cash has what effect on the following? Retained Earnings Working Capital Total Equity