Selected transactions for Bramble, an interior decorator corporation, in its first month of business, are as follows 1. 2. 3. 4. Issued stock to investors for $16,000 in cash Purchased used car for $10.700 cash for use in business. Purchased supplies on account for $400. Billed customers $4,010 for services performed. Paid $160 cash for advertising at the start of the business. Received $1.530 cash from customers billed in transaction (4). Paid creditor $400 cash on account. Paid dividends of $530 cash to stockholders 5. 6. 7 8 (a) -73 III For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders' equity; 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 No. Basic Type Specific Account Effect Normal Balance Basic Typ 1. Asset Cash Increase Debit Stockholders' Eq 2. > > V 3. > 5 > w 6 > > > 2 w 5 8 For each transaction indicate the basic type of account debited and credited (asset, liability, stockholders equity); 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 Credited ct Normal Balance Basic Type Specific Account Effect Normal Balance Debit Stockholders' Equity Common Stock Increase Credit c. > > >> C > > > le > > > >