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In the first month of business, Cullumber Interior Design Company had the following transactions: Mar. 5 The owner, Jackie King, invested $10,550 cash in the

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In the first month of business, Cullumber Interior Design Company had the following transactions: Mar. 5 The owner, Jackie King, invested $10,550 cash in the business. 7 Paid $355 cash for advertising the launch of the business. 9 Purchased supplies on account for $1,480. 11 Purchased a used car for $9,190 cash, for use in the business. 13 Billed customers $2,270 for services performed. 25 Borrowed $10,260 from the bank and signed a note payable. 26 Received $1,335 cash from customers billed on March 13. 29 Paid for the supplies purchased on March 9. 30 Received $845 cash from a customer for services to be performed in April. 31 Paid Jackie King $1,960 cash for her personal use. 26 Received $1,335 cash from customers billed on March 13. 29 Paid for the supplies purchased on March 9. 30 Received $845 cash from a customer for services to be performed in April. 31 Paid Jackie King $1,960 cash for her personal use. For each transaction, indicate: a. the basic type of account debited and credited (asset, liability, or owner's equity): b. the specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.); and c. whether each account is increased (+) or decreased (), and by what amount. Use the following format, in which the first transaction is given as an example

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