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Larkspur Legal Services had the following transactions: 1. 2. 3. Cash is paid for the purchase of $405 of office supplies. Customer is billed $1,780
Larkspur Legal Services had the following transactions: 1. 2. 3. Cash is paid for the purchase of $405 of office supplies. Customer is billed $1,780 for services provided that day. Equipment with a cost of $2,090 is purchased on account. The current month's utility bill of $205 is paid in cash. Cash of $610 is received for services provided that day. Cash of $6,960 is received for services to be provided in the next month. 4. 5. 6. For each transaction, indicate the basic type of account debited/credited, specific account debited/credited, the effect of a debit/credit on the account, and the amount. Use the following format, in which the first one has been done for you as an example: No. Specific Account 1. Debit Credit Basic Type Asset Asset Effect Increases Decreases Supplies Cash 2. Debit $ Credit 3. Debit Credit 4. Debit Credit $ 5. Debit
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