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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
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 Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Paid cash for salaries 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 Provided services on account Provided services on account Account #1 Account Type Increase/Decrease Debit/Credit Account Type Increase/Decrease Debit/Credit Prepaid for rent Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Record the following transactions as journal entries. Purchased $8,000 of office supplies on account. Date Accounts and Explanation Debit Credit Nov. 3 Paid $7,000 for repairs to the company truck Date Accounts and Explanation Debit Credit Nov. A Received $9,000 on account from a customer. Date Accounts and explanation Debit Credit Received $9,000 on account from a customer. Date Accounts and explanation Lab lain Me Home Paid $7,000 cash on account. Date Accounts and Explanation Credit Paid $5,000 cash for salaries Accounts and Explanation
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