Current Attempt in Progress

Selected transactions for L $.$ Takemoto, an interior decorating firm, in its first month of business, are as follows.

Jan. $2$ Stockholders invested $$15,000$ cash in the business in exchange for common stock.

$3$ Purchased used car for $$8,200$ cash for use in the business.

$9$ Purchased supplies on account for $$500.$

$11$ Billed customers $$1,800$ for services performed.

$16$ Paid $$200$ cash for advertising.

$20$ Received $$780$ cash from customers billed on January $11.$

$23$ Paid creditor $$300$ cash on balance owed.

$28$ Declared and paid a $$500$ cash dividend.

For each transaction indicate the following.

$($a$)$ The basic type of account debited and credited $($Asset$,$ Liability, Stockholders' Equity$).$

$($b$)$ The specific account debited and credited $($Cash$,$ Rent Expense, Service Revenue, etc.$).$

$($c$)$ Whether the specific account is increased or decreased.

$($d$)$ The normal balance of the specific account.