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Exercise 2-2 Selected transactions for A. Mane, an linterior decorator, in Jan. 2 Invested $10,000 cash in business. her first month of business, are as
Exercise 2-2 Selected transactions for A. Mane, an linterior decorator, in Jan. 2 Invested $10,000 cash in business. her first month of business, are as follows. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $500 11 Billed 16 Paid s350 cash for a 20 Received $700 cash from customers biled on January 11 23 Paid creditor $300 cash on balance owed. 28 witndrew $1,000 cash for personal use by owner 2,400 for services performed For each transaction, indicate the foilowing, January 2 transaction s given as an example (a) The basic type of account debited and credited (b) The specific account debited and credited (Cash, Rent Expense, Service (c) Whether the specific account is increased or decreased. (d) The normal balance of the specific account Revenue, etc. Effect Balancse MacBook Pro
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