E&Z Reader was founded in January to provide text reading and recording services. Selected transactions for E&Z Reader's first month of business are as follows: a. Issued shares to investors for $55,000 cash. b. Billed customers $11,500 for services performed in January. c. Purchased car for $27,000 for use in the business; paid in cash. d. Purchased $2,900 of supplies on account. e. Received $8,000 cash from customers billed in transaction (b). f. Used $1,750 in utilities, which will be paid in February. g. Paid employees $4,500 cash for work done in January. h. Paid $1,450 cash toward supplies purchased in transaction (d). Required: For each transaction, give (a) the name of the account being debited or credited, (b) the basic account type (A, L, SE, R, E), (c) whether the account is increased (+) or decreased (-) due to the transaction, and (d) whether the account normally holds a debit or credit balance. Transaction (a) has been given as an example. a. Cash b. C. d. e. f. g. h. Debit Side of Journal Entry Account Account Name A Direction of Change + Normal Balance Debit Credit Side of Journal Entry Account Type Account Name Contributed capital SE Direction of Change + Normal Balance Credit

E\&Z Reader was founded in January to provide text reading and recording services. Selected transactions for E\$ZZ Reader's first month of business ore as follows: a. Issued shares to investors for $55,000 cash b. Billed customers $11,500 for services performed in January. c. Purchased car for $27,000 for use in the business; paid in cash. d. Purchased $2,900 of supplies on account. e. Received $8,000 cash from customers billed in transaction ( b ) f Used $1750 in utilities, which will be paid in February g. Paid employees $4,500 cash for work done in January. h. Paid $1,450 cash toward supplies purchased in transaction (d). Required: For each transaction, give (a) the name of the account being debited or credited, (b) the basic account type (A. L, SE, R, E). (C) whether the account is increased () or decreased () due to the transaction, and (of whether the account normally holds a debit or credit balance. Transaction () has been given as an example