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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

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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. Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Increase Increase/Decrease Debit/Credit Account #2 Account Type Purchased office furniture on account Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Account Type Debit/Credit Account #2 Prepaid for rent Account #1 Account Type Increase/Decrease Debit/Credit Increase/Decrease Account Type Debit/Credit Account #2 Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type

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