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Riko Ltd. has the following selected transactions: Issued common shares to shareholders in...

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Accounting

Riko Ltd. has the following selected transactions:
Issued common shares to shareholders in exchange for $5,000.
Paid rent in advance for two months, $2,100.
Paid administrative assistant $500 salary.
Billed clients $1,200 for services provided.
Received $900 in partial payment from clients for services provided in item 4 above.
Purchased $500 of supplies on account.
Paid supplier amount owing on account, $500.
Borrowed $1,000 cash from the bank to purchase equipment in the future.
For each transaction, indicate (a) the basic type of account debited or credited (asset, liability, shareholders' equity); (b) the specific account debited or credited; and (c) whether the specific account is increased or decreased when recording this transaction. Use the following format.
Account Debited
Account Credited
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