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FINANCIAL ACCOUNTING EXERCISES 2-2 TRANSACTION NUMBER ON JAN 3 PURCHASED USED CAR FOR $ 4000 CASH FOR USE IN BUSINESS. A.WHAT ARE THE BASIC ACCOUNT

FINANCIAL ACCOUNTING EXERCISES 2-2 TRANSACTION NUMBER ON JAN 3 PURCHASED USED CAR FOR $ 4000 CASH FOR USE IN BUSINESS. A.WHAT ARE THE BASIC ACCOUNT DEBITED AND CREDITED? B.THE SPECIFIC ACCOUNT DEBITED AND CREDITED ? C.WHETHER THE SPECIFIC ACCOUNT DECREASED OR INCREASED? D.THE NORMAL BALANCE OF THE SPECIFIC ACCOUNT

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