Data for M. Acosta, interior decorator, are presented in E2.2. Data from E2.2 Selected transactions for M.

Question:

Data for M. Acosta, interior decorator, are presented in E2.2.

Data from E2.2

Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows.

Jan. 2 Invested $10,000 cash in business.

3 Purchased used car for $3,000 cash for use in business.

9 Purchased supplies on account for $600.

11 Billed customers $2,400 for services performed.

16 Paid $350 cash for advertising.

20 Received $900 cash from customers billed on January 11.

23 Paid creditor $300 cash on balance owed.

28 Withdrew $1,000 cash for personal use by owner.

Account Debited Account Credited (b) Specific Account (c) (b) Specific Account (a) (d) (a) (c) (d) Basic Normal Basic Normal Date Туре Effect Balance Туре Effect Balance Jan. 2 Asset Cash Increase Debit Owner's Owner's Increase Credit Equity Саpital