Please no big words or sentences. Thanks. Write 200–250 words that respond to t

Please no big words or sentences. Thanks.
Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
For this Discussion Board, please complete the following:
Journal entries are how accounting transactions are recorded on accounting records. Every transaction requires a journal entry.
Identify 1 business transaction that would result in a journal entry. Identify the following for the transaction:
* What accounts are involved? (Example: Accounts payable, cash, etc.)
* Did each account increase or decrease?
* What type of account are each of them? (Example: Asset, liability, revenue, expense, etc.)
* Would you debit or credit each account?
* Provide the journal entry.
Describe the effect the journal entry has on the financial statements. (Example: Cash on the balance sheet is increased, so current assets are increased on the balance sheet.) You have at least two accounts to discuss.

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