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.

Purchased equipment on account
Account #1	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit
Account #2	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit

Paid cash for rent.
Account #1	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit
Account #2	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit

Made payment on notes payable
Account #1	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit
Account #2	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit

Purchase of building with note.
Account #1	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit
Account #2	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit

Common stock was issued to stockholders for cash
Account #1	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit
Account #2	Account Type	Increase/Decrease IncreaseDecrease	Debit/Credit DebitCredit

Record the following transactions as journal entries.

Common stock was issued to stockholders for $8,000

Common stock was issued to stockholders for $8,000

Date	Accounts and Explanation	Debit	Credit
Nov. 3

Paid $6,000 for advertising in the local paper

Paid $6,000 for advertising in the local paper

Date	Accounts and Explanation	Debit	Credit
Nov. 4

Paid $7,000 cash for rent.

Paid $7,000 cash for rent.

Date	Accounts and Explanation	Debit	Credit
Nov. 5

Purchased office furniture for $5,000 on account

Purchased office furniture for $5,000 on account

Date	Accounts and Explanation	Debit	Credit
Nov. 5

Purchased $8,000 of equipment on account.

Purchased $8,000 of equipment on account.

Date	Accounts and Explanation	Debit	Credit
Nov. 5