Business, 02.06.2021 20:40 deanperez2637

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. Received cash on account from a customer. Account #1Account TypeIncrease//CreditDebitCreditAcco unt #2Account TypeIncrease//CreditDebitCreditAccr ued liability for utilities. Account #1Account TypeIncrease//CreditDebitCreditAcco unt #2Account TypeIncrease// office supplies on accountAccount #1Account TypeIncrease//CreditDebitCreditAcco unt #2Account TypeIncrease//CreditDebitCreditPaid cash for rent. Account #1Account TypeIncrease//CreditDebitCreditAcco unt #2Account TypeIncrease// office furniture on accountAccount #1Account TypeIncrease//CreditDebitCreditAcco unt #2Account TypeIncrease//CreditDebitCreditReco rd the following transactions as journal entries. Collected $7,000 cash for servicesCollected $7,000 cash for servicesDateAccounts and . 3Paid $7,000 cash on account. Paid $7,000 cash on account. DateAccounts and . 4Paid $7,000 cash for rent. Paid $7,000 cash for rent. DateAccounts and . 5Paid $5,000 for advertising in the local paperPaid $5,000 for advertising in the local paperDateAccounts and . 5Bright, the owner, withdrew $7,000 cash. Bright, the owner, withdrew $7,000 cash. DateAccounts and . 5

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