John "Bum" Andrews founded EZ Reader in January 2010 to provide a service in which an employee follows a student around reading assigned textbook chapters aloud so that the student will not have to. Selected transactions for EZ Readers' first month of business are as follows:
a. Received $50,000 cash from John Andrews to establish the business.
b. Billed customers $10,500 for services performed in January.
c. Purchased a car for $24,500 for use in the business. Paid in cash.
d. Purchased $2,400 of supplies on account.
e. Received $7,500 cash from customers billed in transaction (b).
f. Used $1,500 in utilities that will be paid in February.
g. Paid employees $3,500 cash for work done in January.
h. Paid $1,200 cash toward supplies purchased in transaction (d).
Required:
For each transaction, write (1) the name of the account being debited or credited, (2) the basic account type (A, L, OaE, R, or E), (3) whether the account is increased (+) or decreased (-) due to the transaction, and (4) whether the account normally holds a debit or credit balance. Transaction (a) has been given as an example.

DEBIT SIDE OF JOURNAL ENTRY CREDIT SIDE OF JOURNAL ENTRY Type OE Account Name Account DirectionNormal Typeof Change Bnce Account Name Account Direction Normal of Change Balance a. Cash DebitJ.Andrews, Capital