Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 ash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4