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 DRICR. List accounts in order , , / they would be in the journal entry. Bright, the owner, invested cash in the business in exchange for capital. 41 Account Type Increase Decrease Debit/Credit Account Accounttype ncrease Decrease Debit/Credit Bright. the owner. contributed furniture in exchange for capital Account Account Type Increase/Decross Debit/Credit inted De L/CTII Paid cash on account ACEJ Mount TEC Increase Decreacc Debit/Credit ACON Account Type Increase Decrease Debit/Credit Bought a company truck by signing a note at the bank ACCOU 1 Account Type Increase/Decrease Debit/Credit ACE2 Account Type Increase Decrease Debit/Credit Provided services an account Account Increase Account 12 Account TEC Increase/Decresce Debit/Credit Record the following transactions as journal entries. Purchased office furniture for $7,000 on account Date Accounts and Explanation Debit Credit Nov. 3 Paid $7,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 4 Bright, the owner, contributed $7,000 in exchange for capital. Date Accounts and Explanation Debit Credit Nov. 5 Paid $7,000 for advertising in the local paper Date Accounts and Explanation Debit Credit Nov. 5 Bought a company truck for $9,000 by signing a note at the bank Date Accounts and Explanation Debit Credit Nov.5