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. Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Common stock was issued to stockholders for cash Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease Debit/Credit Record the following transactions as journal entries. Purchase a $8,000 building with note Date Nov. 3 Accounts and Explanation Debit Credit Paid $6,000 cash for land Date Nov. 4 Accounts and Explanation Debit Credit Collected $5,000 cash for future services Date Nov. 5 Accounts and Explanation Debit Credit Paid $8,000 cash for salaries Date Nov. 5 Accounts and Explanation Debit Credit Received $7,000 for services rendered to a client Date Accounts and Explanation Nov. 5 Debit Credit