Selected transactions for Mr. Rahim, an interior decorator, in his first month of business, are as follows.

Jan. 2 Invested $20,000 cash in business.

3 Purchased used car for $8,000 cash for use in business.

9 Purchased supplies on account for $1000

11 Billed customers $3,600 for services performed.

16 Paid $400 cash for advertising

20 Received $1400 cash from customers billed on January 11.

23 Paid creditor $600 cash on balance owed.

28 Withdrew $2,000 cash for personal use by owner

Instructions

For each transaction indicate the following.

(a) The basic type of account debited and credited (asset, liability, owners 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.