Exercise 2-03 Your answer is partially correct. Try again. Selected transactions for M. Sheridan, an interior decorator, in her first month of business, are as follows. Jan. 2 9 11 Invested $13,000 cash in business. Purchased used car for $3,900 cash for use in business. Purchased supplies on account for $650. Billed customers $3,120 for services performed. Paid $455 cash for advertising. Received $910 cash from customers billed on January 11. Paid creditor $390 cash on balance owed. Withdrew $1,300 cash for personal use by owner. 16 20 Date Account Titles and Explanation Debit Credit De Owner's Capital $13,000 Utilities Expense T $3,900 Supplies Accounts Payable $650 Accounts Receivable $3,120 udy Advertising Expense Jan 20 Cash $910 Jan. 16 Advertising Expense $455 Jan. 20 Cash $910 Accounts Payable A $390 Jan. 28 Owner's Drawings $1,300