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In the first month of business, Jakmak Interior Design Company had the following transactions: Mar. 5 The owner, Jackie Mackenzie, invested $10,840 cash in the

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In the first month of business, Jakmak Interior Design Company had the following transactions: Mar. 5 The owner, Jackie Mackenzie, invested $10,840 cash in the business. 7 Paid $695 cash for advertising the launch of the business. 9 Purchased supplies on account for $1,440. 11 Purchased a used car for $8,650 cash, for use in the business. 13 Billed customers $1,910 for services performed. 25 Borrowed $10,350 from the bank and signed a note payable. 26 Received $1,355 cash from customers billed on March 13. 29 Paid for the supplies purchased on March 9. 30 Received $710 cash from a customer for services to be performed in April. 31 Paid Jackie Mackenzie $1,640 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. Account Debited b. Specific Account C. Date Basic Type Effect Basic Type Mar. 5 Asset Cash + $10,840 Owner's Equity 7 9 : $ 11 4 $ 13 $ 25 $ $ $ 26 $ . 29 30 e $ 31 $

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