Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. Check your spelling carefully and do not abbreviate. Refer to the Chart of Accounts for account titles. Paid cash on account. Account Name Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client. Account Name Account Type Increase/Decrease Debit/Credit 15 Enter the following transactions as journal entries. Record debits first, then credits. Received $8,000 utility bill to be paid next month. Date Accounts and Explanation Debit Credit Nov. 3 Bought a company truck for $7,000 by signing a note at the bank. Date Accounts and Explanation Debit Credit Nov. 4 Chart of Accounts Account Title Account Number 101 105 115 120 125 140 145 150 151 155 156 160 165 170 175 178 180 182 201 210 215 Cash Accounts Receivable Office Supplies Prepaid Insurance Prepaid Rent Inventory Building Equipment Accumulated Depreciation - Equipment Furniture Accumulated Depreciation - Furniture Office Furniture Truck Land Copyright Franchise Patent Trademark Accounts Payable Salaries Payable Utilities Payable Unearned Revenue Notes Payable Mortgages Payable Income Taxes Payable Common Stock Retained Earnings Dividends Service Revenue Sales Revenue Cost of Goods Sold Advertising Expense Depreciation Expense - Furniture Depreciation Expense - Equipment Income Tax Expense Insurance Expense Repairs and Maintenance Expense Rent Expense Salaries Expense Selling Expense Supplies Expense Utilities Expense 235 250 255 285 305 315 320 410 435 501 505 514 515 516 520 535 540 545 548 550 555