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Accounting Cycle Tutorial Step 2: Analyze and Journalize Transactions >000 > Analyze the Transactions Activity 2.b - Analyze the Transactions Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, 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. Purchase of building with note. Account 1 Account Type Increase/Decrease Debit/Credit Account 02 Account Type Increase/Decrease Debit/Credit Collected cash for future services Account an Account Type Increase/Decrease Debit/Credit Account Type increase/Decrease Debit/Credit Earned 9.00 by establishing a note receivable with a face value of $120.000. This note has no stated Interest, Enter the asset accounts first. soncmg.com/activity/2/2/2 Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase/Decrease Debit/Credit Earned $90,000 by establishing a note receivable with a face value of $120,000. This note has no stated interest, Enter the asset accounts first. Accountan Account Type Increase/Decrease Debit/Credit 112 asset Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit 105 asset Increase Credit Account Account Type Increase/Decrease Debit/Credit I revenue CHECK ANSWER RESET incorrect. Try reviewing the Hint to better understand the goal of this activity

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