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.

act.pearsoncmg.com/try-it/2 Paid $7,000 for advertising in the local paper Bought a company truck for $5,000 by signing a note at the bank Received $7,000 utility bill to be paid next month act.pearsoncmg.com/try-it/2 Paid $7,000 for advertising in the local paper Bought a company truck for $5,000 by signing a note at the bank Received $7,000 utility bill to be paid next month