pre 2 chp 2

View Police Current Attempt in Progress Selected transactions for M. Aconta, an interior decorator, in her first month of business are as follow 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 Pald creditor $300 cash on balance owed 28 Withdrew $1.000 cash for personal use by owner For each transaction, indicate the following January 2 transaction is given as an example, (a) The basic type of account debited and credited (asset. liability, owner's 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. Account Debited (a) Basic Type (b) Specific Account (c) Effect Nor Bali Transaction Transaction (a) Basic Type (b) Specific Account Nor Bali Effect Jan 2 Asset Cash Increase Debit 3 Asset CAR Increase v Debi 9 Asset 23 Liability Decrease Creditor Inc Liability Inc Debit Ascot Inc Debit Asset V Det Asie Doe Credit ASE v Increase Debit Owner's Equity e Textbook and Media list of Arcanints ACUM Crected (a) Basic Type (b) Specinc Account lcd Effect d) Normal Balance Owner's Equity Owner's Capital Increase Credit Assat Liability V v 3 Asset Asset Art > C. Owner's Equity Textbook and Media