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Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if

Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry.image text in transcribedimage text in transcribedimage text in transcribed

Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Bright, the owner, invested cash in the business in exchange for capital. 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 Purchase of building with note. 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 Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Record the following transactions as journal entries. Bought a company truck for $6,000 by signing a note at the bank Date Accounts and Explanation Debit Credit Nov. 3 Received $9,000 for services rendered to a client Date Accounts and Explanation Debit Credit Nov. 4 Purchased $5,000 of equipment on account. Date Accounts and Explanation Debit Credit Nov.5 Paid $8,000 cash for land Date Accounts and Explanation Debit Credit Nov.5 Bright, the owner, contributed $7,000 in exchange for capital. Date Accounts and Explanation Debit Credit Nov.5

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