Record the following transactions as journal entries. Refer to the Chart of Accounts for account titles. Received $5,000 utility bill to be paid next month Date Nov. 3 Accounts and Explanation Paid $7,000 cash on account. Date Nov. 4 Debit Credit Accounts and Explanation Debit Credit Paid $8,000 cash for rent. Date Nov. 5 Accounts and Explanation Debit Credit