Question 2 of 6 - / 1 Selected transactions for Front Room, an interior decorator corporation, in its first month of business are as follows 1 2 3. 4. Issued stock to investors for $15,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $300, Billed customers $3,700 for services performed, Paid $200 cash for advertising at the start of the business. Received $1,100 cash from customers billed in transaction (4). Paid creditor $300 cash on account. Paid dividends of $400 cash to stockholders. 5. 6. 7 8 (a) For each transaction indicate the basic type of account debited and credited (asset. liability, stockholders' equityl: the specific account debited and credited (Cash. Rent Expense, Service Revenue, etc.): whether the specific account is increased or decreased, and the normal balance of the specific account Account Debited Na Basic Type Specific Account Effect Normal Balance Debit Basic Type Asset Cash Increase 1 2 Stockholders' Equity . . . : 13 tv A Q % Question 2 of 6 0.83/1 Your answer is partially correct Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 14.500 C Commons 10.800 2. 10.100 to 100 3 340 Suolas Roots 340 4 Roche 5.510 Rent Reven Rent Revenge 5.510 5 150 150 6. 10 220 490 Como Stock 430 13 otv E A 4 5 6 & 7 8 9 ) 0 E R T Y U 1 0 F