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Activity 2.b - Analyze the Transactions 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. Refer to the Chart of Accounts for account titles. Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Cred owner, capital owner capital Account #2 Account Type Increase/Decrease Debit/Credit furniture assets Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit cash assets Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit cash assets ceae Debe Account #2 Account Type Increase/Decrease Debit/Credit Salaries expense owner, capital Decrease Credle Received cash on account from a customer. Account #1 Account Type Increase/Decrease Debit/Credit Three be revenue Accounts receivable Increase/Decrease Account Type Debit/Credit Account #2 cash revenue Dietre CK ANSWER SKIP TO NEXT