Brewe 1.100 20. intrudent viral in the 7100 For the butt white and where recebimat Achied A Cod a Spec 1 All 101 Services provide el 1 duove. O of supplies on account amount owing on account, $500. 000 cash from the bank to purchase equipment Fon, indicate (a) the basic type of account debited and credited (asset, liability, shareholders' equity); (b) the specific account debited and credited (Cash, action. Use the following format. Account Debited (b) Specific Account Account Credited (b) Specific Account (c) Basic Type Effect Basic Type Effect Increase Decrease > > > > > > SC 5 > EXE sing this question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor Brief Exercise 3-4 Riko Ltd. has the following selected transactions: 1. Issued common shares to shareholders in exchange for $5,000. 2 Paid rent in advance for two months, $2,100. 3. Paid administrative assistant $500 salary. 4. Billed clients $1,200 for services provided. 5. Received $900 in partial payment from clients for services provided in item 4 6. Purchased $500 of supplies on account. 7. Paid supplier amount owing on account, $500. 8. Borrowed $1,000 cash from the bank to purchase equipment. For each transaction, indicate (a) the basic type of account debited and cred liability, shareholders' equity); (b) the specific account debited and credited Expense, Service Revenue, etc.); and (c) whether the specific account is inc decreased to record this transaction. Use the following format. Account Debited Account C (c) (b) Specific Account Transaction Basic Type Effect SE At Basic Type 1. 2. 3. 5. 6. 7. 8. LINK TO TEXT By accessing this question Assistance, you will learn while you earn points based Potential Policy set by your instructor. Question Attempts: 0 of 2 used % Earn Maximum Points available only answer this question correctly in ye attempt ise 3-4 s the following selected transactions: mmon shares to shareholders in exchange for $5,000. n advance for two months, $2,100. histrative assistant $500 salary. hts $1,200 for services provided. $900 in partial payment from clients for services provided in item 4 above. $500 of supplies on account. ier amount owing on account, $500. $1,000 cash from the bank to purchase equipment. nsaction, indicate (a) the basic type of account debited and credited (asset, reholders' equity); (b) the specific account debited and credited (Cash, Rent rvice Revenue, etc.); and (c) whether the specific account is increased or p record this transaction. Use the following format. Account Debited (b) Specific Account (c) Account Credited (b) Specific Basic Type Account Basic Type Effect