Selected transactions for Allie Mane, an interior decorator, in her first month of business, are as follows:

Jan.

2 Invested $10,000 cash in business.

3 Purchased used car for $3,000 cash for use in business.

4 Purchased a one-year insurance policy for $1,200.

9 Purchased supplies on account for $500.

18 Paid creditor $300 cash on balance owed.

28 Withdrew $1,000 cash for personal use by owner.

For each transaction, indicate the following. January 2 transaction is given as an example.

a. The equation element to be debited and credited (asset, liability, owners equity).

b. The specific account to be debited and credited (Cash, Accounts Payable, Owners Drawings, etc.).

c. Whether the specific account is increased or decreased.

d. The normal balance of the specific account.

Account Debited Account Credited (a) Basic Type (b) (c) Effect (d) Normal Balance (a) Basic Type (b) Specific Account Transaction Specific Account Jan. 2 Asset Cash Increase Debit Owner's Equity Owner's Capital Account Debited Account Credited (b) Specific Account (a) (d) Normal Balance (c) Effect (b) Specific Account (c) Effect (d) Normal Balance :Type Basic Type set Cash Increase Debit Owner's Equity Owner's Capital Increase Credit