E2.6 Selected transactions for Bookit Pty Ltd, a bookkeeping service, in its first month of business are as follows: . Issued shares to investors for SIO 000 in cash. Purchased used photocopier for S3000 on account, for use in business. 2. Purchased supplies on account for $400. 3. Invoiced customers $1800 for services performed. 4. . Paid $300 cash for advertising start of business. Received S1500 cash from customers invoiced in transaction (4). 6. Paid creditor S3400 cash on account. 7. Paid rent for month, S600 cash. 8. Required For each transaction, indicate (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, and (d) the normal balance of the specific account. Use the following format, in which transaction (1) is given as an example: ACCOUNT DEBITED ACCOUNT CREDITED TRANSACTION (A) BASIC TYPE Asset SPECIFIC ACCOUNT cash EFFECT Increase NORMAL BALANCE Debit (A) BASIC TYPE Equity SPECIFIC ACCOUNT Share Capital (c) EFFECT Increase NORMAL BALANCE Credit