Selected transactions for Acosta Decor, an interior design company, in its first month of business are as follows. Jan. 2 3 9 11 Marie Acosta invested 10,000 cash in business in exchange for ordinary shares. Purchased used car for 3,000 cash for use in business Purchased supplies on account for 600. Billed customers 2.400 for services performed. Paid C350 cash for advertising Received 900 cash from customers billed on January 11. Paid creditor C300 cash on balance owed. Declared and paid a 1,000 cash dividend. 16 20 23 28 For each transaction, indicate the following. January 2 transaction is given as an example, a b. The basic type of account debited and credited. (asset, liability, equity). The specific account debited and credited (Cash, Rent Expense. Service Revenue, etc.). Whether the specific account is increased or decreased. The normal balance of the specific account. d. Account Debited (a) Basic Type (b) Specific Account (c) Effect (d) Normal Balance action Jan. 2 Asset Cash Increase Debit 3 Asset Increase Debit 9 Increase 11 Increase 16 Equity Advertising Expense Increase Debit 20 Increase Credit 23 Liability Accounts Payable Increase Debit 28 Equity Dividends e Textbook and Media et Accounts Account Credited (d) Normal Balance (a) Basic Type (b) Specific Account (c) Effect (d) Normal Balance bit Equity Share Capital - Ordinary Increase Credit Debit Liability Liability > Equity