Riko Corporation has the following selected transactions:
1. Issued common shares to shareholders in exchange for $5,000.
2. Paid rent in advance for six months, $2,100.
3. Paid administrative assistant $500 salary.
4. Billed clients $1,200 for services provided.
5. Received $900 from clients for services provided in item 4 above.
6. Purchased $500 of supplies on account.
7. Paid supplier amount owing, $500.
8. Borrowed $1,000 cash from the bank.
For each transaction, indicate (a) the basic type of account debited and credited (asset, liability, shareholders' equity), (b) the specifi c account debited and credited, and (c) whether the specifi c account is increased or decreased to record this transaction. Use the following format, in which the fi rst one has been done for you as an example:

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Account Debited Account Credited Basic Type Asset Spexific: TypeAccount Shareholders' Common Specific Account Basic Effect_Type Effect Transaction 1. Cash Increase Incn:asec Shares