For this question, review the journal entry and explain what the probable transaction would be requiring the entry, and how this entry is impacting the financial statements. Explaining that account "x" is a debit/credit, etc. is not an acceptable answer. The explanation should cover the actual transaction that occurred.

Example Question:

Utility Expense	700
Cash	700

An acceptable answer would be:

The client paid the current month's utility bill, the asset is decreasing, and their net worth is decreasing.

Question:

Accounts Receivable	8,000 debit
Services Revenue	8,000 credit