Current Attempt in Progress Your answer is partially correct. 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. For each transaction, indicate the following. January 2 transaction is given as an example. (a) The basic type of account debited and credited (asset, liability, owner's 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. Account Debited (c) Transaction Jan. 2 Asset (a) Basic Type Cash 3 Asset < d Account Debited (b) Specific Account (c) Effect Increase Increase 9 Asset Owner's Capital Increase 11 Asset Asset Increase 16 Owner's Equity Liabilities Increase 20 20 Asset < Revenue Increase < 23 23 Liability Asset Increase < 28 Owner's Equity Asset Increase eTextbook and Media List of Accounts Save for Later Last saved 1 hour ago. Attempts: 1 of 5 used Submit Answer (a) Basic Type /ner's Equity Account Credited (b) Specific Account Owner's Capital Asset < Owner's Capital Liability Cash (c) (d) Normal Balance Effect Increase Credit Decrease Debit < Increase Credit Owner's Equity < Accounts Payable Increase Credit Asset Service Revenue Decrease < Debit < Asset < Cash Asset Decrease Debit < Accounts Receivable Decrease < Debit < Asset < Cash eTextbook and Media Decrease Debit