asessment er 2 Homework -/ 15 Question 2 of 5 Current Attempt in Progress Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows. Jan. 2 3 9 11 16 20 23 28 Stockholders invested $15,000 cash in the business in exchange for common stock. Purchased used car for $8.200 cash for use in the business. Purchased supplies on account for $500. Billed customers $1,800 for services performed. Paid $200 cash for advertising. Received $780 cash from customers billed on January 11. Paid creditor $300 cash on balance owed. Declared and paid a $500 cash dividend. For eachtransaction indicate the following ta The basic type of account debited and credited (Asset Liability, Stockholders Equity). () The specific account debited and credited (Cash Rent Expense Service Revenue, etc) lo Whether the specific account is increased or decreased. Id The normal balance of the specific account 1 Type here to see o 5 ork -11 Question 2 of 5 Account Debited (a) Basic Type (b) Specific Account (c) Effect Transaction Jan. 2 Increase Stockholders' Equity 15000 3 8200 Increase 9 > 11 1800 16 20 35 O BI . 2 U O 0 K L. N ork - / 1 Question 2 of 5 Account Credited (d) Normal Balance (a) Basic Type (b) Specific Account (c) Effect Increase Debit Stockholders' Equity 0 SA 0 Decrease Debit V Asset search O at 120 9 9 -/1 Account Credited (b) Specific Account (c) Effect (d) Normal Balance Increase Credit Decrease Credit V C > > > 9 1051 PM 2/21/2021 F