*Exercise 3-7 Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to inwestors for $13,300 in cash. Purchased used car for $10,100 cash for use in business Purchased supplies on account for $280. Billed customers $3,930 for services performed Paid $150 cash for advertising start of the business. Received $1,610 cash from customers billed in transaction (4) Paid creditor $310 cash on account Paid dividends of $550 cash to stockholders. For each transaction indicate the basic type of account debited and credited (asset, ability, 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 Specific Account Account Credited Specific Account Common Stock Basic Type Effect Normal Balance Sariho bersEuty Journalize the transactions. If no entry is required, select "No Entr No. Account Tities and Explanation Journaise the transactions. (If no entry is required, select "Ne Entry for the account title net indent manually.) her for the amount Credit account titles are automatically indented when amount is entered. De No Account Tities and Explanation Debat Credit Question Attempts of used