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(a) action Jan. 2 Asset 3 9 11 16 20 23 23 28 (b) Specific Account Cash Increase Normal Balance Debit (a) Basic Type (b)
(a) action Jan. 2 Asset 3 9 11 16 20 23 23 28 (b) Specific Account Cash Increase Normal Balance Debit (a) Basic Type (b) Specific Account (c) Effect Increase (d) Normal Balance Credit 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. 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
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