Current Attempt in Progress Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows 1 Issued stock to investors for $15,000 in cash 2. Purchased used car for $10,000 cash for use in business. 3. Purchased supplies on account for $300 4. Billed customers $3,700 for services performed 5. Paid $200 cash for advertising at the start of the business. 6 Received $1.100 cash from customers billed in transaction (4). 7. Paid creditor $300 cash on account. 8 Paid dividends of $400 cash to stockholders (a) For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders' equity): the specific account debited and credited (Cash, Rent Expense. Service Revenue, etc.): whether the specific account is increased or decreased; and the normal balance of the specific account. Account Debited No. Basic Type Specific Account Effect Normal Balance 1 Asset Cash Increase Debit 2. 3. 7 0 Tevthank and Media O 0 0 o