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.

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. Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Dehit/Credit Purchase of building with note Account #1 Account Type Increase/DecreaseDebit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease Debit/Credit ncrease/Decrease Debi/Credit Account #2 Account Type Paid $8,000 for a one year insurance policy Date Accounts and Explanation Debit Credit Nov. 5