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Current Attempt in Progress Selected transactions for M. Acosta, an interior decorator, in her first...

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Accounting

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Current Attempt in Progress Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. Jan.2 Imvested $10,000 cash in busines5: 3 Purchased used car for $3.000 cash for use in business. 9 Purchased supplies on account for $600. 11 Bilfed customers $2.400 for services performed. 16 Paid $350 cash for advertising. 20 Received $900 cash from customers biled on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal use by owner. For each transaction, indicate the following January 2 transaction is given as an example. (a) The basic type of account debited and credited (asset, liability. owner's equity). (b) The specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.). (c) Whether the specific account is increased or decreased. (d) The normat balance of the specific account. Basic rype Spectic Account Asset Cash IncreaseEtrectDebitBatan Equiprrent 16 20 23 28 Question 7 of 10

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