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Current Attempt in Progress Selected transactions for Swifty, an interior decorator corporation, in its first month of business, are as follows. Issued stock to investors
Current Attempt in Progress
Selected transactions for Swifty, an interior decorator corporation, in its first month of business, are as follows.
Issued stock to investors for $ in cash.
Purchased used car for $ cash for use in business.
Purchased supplies on account for $
Billed customers $ for services performed.
Paid $ cash for advertising at the start of the business.
Received $ cash from customers billed in transaction
Paid creditor $ cash on account.
Paid dividends of $ cash to stockholders.
a
For each transaction indicate the basic type of account debited and credited asset liability, stockholders' equity: the specific account debited and credited Cash Rent Expense, Service Revenue, etc.; whether the specific account is increased or decreased; and the normal balance of the specific account.
And amounts credited.
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