Identify each statement as true or false. If false, indicate how to correct the statement.

E$2\mathrm{.}2($LO $1),$ C 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.