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Instructions For each transaction, indicate (Enter Specific Account In alphabetical order.) (1) the basic type of account debited or credited (asset, liability, or stockholders' equity),
Instructions For each transaction, indicate (Enter "Specific Account" In alphabetical order.) (1) the basic type of account debited or credited (asset, liability, or stockholders' equity), (2) the specific account debited or credited, and (3) whether the specific account is increased or decreased to record this transaction. Survand Corp. incurred the following selected transactions during the month of April. Apr. 2 Paid monthly rent, $900. 3 Completed floor refinishing on account for $1,000. 5 Recelved $1.500 cash for floor sanding and polishing. 6 Purchased additional refinishing equipment for $3,200. The company paid cash of $650, and the balance was due on account in 20 days. 12 Collected amount owed by customer for April 3 transaction. 15 Declared and paid $210 of dividends to stockholders. 16 Purchased sandpaper for $500 on account. (Hint: Use the Supplies account.) 19 Pald $250 to repsir equipment. Basic Type Specific Account Effect Transaction Specific Account Effect Apr. 2 Apr. 3 Apr. 5 Apr. 6 Apr. 12 Apr. 15 Apt. 16 Apt 19
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