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Paid for advertising in the local paper Account #1 Account Type Increase/Decrease Debit/Credit advertising expenses expenses Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit cash assets Decrease Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Creo Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased $6,000 of equipment on account. Accounts and Explanation Debit Received $5,000 for services rendered to a client Accounts and explanation Debit Paid $5,000 cash for land Accounts and Explanation Debit Received 8,000 from selling shares of stock Accounts and explanation Debit Bought a company truck for $7,000 by signing a note at the bank Accounts and Explanation Debit Credit