Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Refer to the Chart of Accounts for account titles. Prepaid for rent. Account #1 Account Type Increase/Decrease Debit/Credit assets Increase Account #2 Account Type Increase/Decrease Debit/Credit assets Decrease kredit Declared and paid cash dividend. Account #1 Account Type Increase/Decrease Debit/Credit dividends Debit Account #2 Account Type Increase/Decrease Debit/Credit assets Decrease Credit Purchase of building with note. Account #1 Account Type Increase/Decrease Debit/Credit asset Increase nebit Account #2 Account Type Increase/Decrease Debit/Credit liability credit