E2-2 Selected transactions for B. Madar SE, an interior decorating firm, in its first month of business, are shown below.

Jan. 2 Invested 15,000 cash in the business in exchange for ordinary shares. 3 Purchased used car for 7,000 cash for use in the business. 9 Purchased supplies on account for 500. 11 1,800 of services were performed and billed. 16 Paid 200 cash for advertising. 20 Received 700 cash from customers billed on January 11. 23 Paid creditor 300 cash on balance owed. 28 Declared and paid a 1,000 cash dividend. Instructions For each transaction indicate the following. (a) The basic type of account debited and credited (asset, liability, 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.