Selected transactions for Grouper, an interior decorator corporation, in its first month of business, are as follows 1. Issued stock to investors for $16,800 in cash. 2. Purchased used car for $10.400 cash for use in business. 3. Purchased supplies on account for $230. 4. Billed customers $5,230 for services performed. 5. Paid $280 cash for advertising at the start of the business. 6. Received $1,970 cash from customers billed in transaction (4). 7. Paid creditor $310 cash on account. 8. Paid dividends of $530 cash to stockholders No. 1 Asset 2 6 7 Basic Type Account Debited N Specific Account Effect Bask Type Canh Dib MacBook Pro Account Credited Normal Normal Effect Basic Type Specific Account Effect Balance Balance Increase Debit Stockholders' Equity Common Stock Increase Crede MacBook Pro (a) For each transaction indicate the basic type of account dbited 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