1. **Stating the problem:** We are given a list of accounts for Cullumber Ltd. as of December 31, 2024, and asked to prepare a journal entry and list all account titles. 2. **Understanding journal entries:** A journal entry records financial transactions by listing debits and credits with account titles and amounts. 3. **Listing all account titles:** - Accounts payable - Accounts receivable - Accumulated depreciation—equipment - Cash - Common shares - Deferred revenue - Depreciation expense - Dividends declared - Equipment - Income tax expense - Office expense - Rent expense - Retained earnings - Salaries expense - Salaries payable - Service revenue - Supplies - Supplies expense 4. **Example journal entry:** Since no specific transaction is given, let's create a sample journal entry for service revenue earned but not yet received in cash: **Transaction:** Earned $2,000 service revenue on account. **Journal entry:** $$\begin{aligned} \text{Debit: Accounts receivable} & \quad 2,000 \\ \text{Credit: Service revenue} & \quad 2,000 \end{aligned}$$ 5. **Explanation:** - Debit increases Accounts receivable (an asset). - Credit increases Service revenue (income). This entry reflects revenue earned but cash not yet received. 6. **Summary:** - All account titles are listed above. - Journal entries always have equal debits and credits. - Each transaction affects at least two accounts. This completes the requested journal entry example and account titles list.