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Current Attempt in Progress Your answer is partially correct Jan 2 Selected transactions for Acosta Decor, an interior design company in its first month of business are as follows. Marie Acosta invested 10.000 cash in business in exchange for ordinary shares Purchased used car for 3.000 cash for use in business Purchased supplies on account for 600. Billed customers 2.400 for services performed. Paid 350 cash for advertising 3 9 11 18 20 Received 900 cash from customers billed on January 11, 23 Paid creditor 300 cash on balance owed. 28 Declared and paid a 1.000 cash dividend For each transaction, indicate the following: January 2 transaction is given as an example Toint debitandissant.com Question 1 of 15 2.46/3 TI 16 Pald 350 cash for advertising 20 23 Received 900 cash from customers billed on January 11, Paidereditor E300 cashion Balance owed. Declared and paid a 1.000 cash dividend 28 a. For each transaction, indicate the following January 2 transaction is given as an example. The basic type of account debited and credited. (asset, liability equity) The specific account debited and credited (Cash, Rent Expense Service Revenue, etc). Whether the specific account is increased or decreased The normal balance of the specific account. b. d. Account Debited (a) usic Type (b) Specific Account Ic) Effect d) Normal Balance tal Basic Type Account Debited ansaction (a) Basic Type DI Specific Account Ich Effect e] Normal Balance Jan 2 Asset Cash Increase Debit 3 Aisa Equipment Inc Beli At Supplies De 11 Aut Account Receivable De 16 vity Advertne De 20 As Debit 23 Asset Cash Crede 28 As C Der Det MacBook Pro Account Credited d) Normal Balance al Basic Type bi Specific Account Share Capital-Ordinary ic) Effect id Norma Balance Jebit Equity Increase Credit Debi Als Cach Decrease Det Debut Liability Accounts Payable Incre Ch Detalii Ey Service Revenge Inc CE Det Anet Cash Decre Db Art Accounts Receivable Dec Credi Ecully Notes Payable 1 Dorae Det Dividends MacBook Pro

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