Selected transactions for Indigo, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $15,600 in cash. 2. Purchased used car for $10,200 cash for use in business. 3. Purchased supplies on account for $390. 4. Billed customers $5,070 for services performed. 5. Paid $270 cash for advertising at the start of the business. 6. Received $1,690 cash from customers billed in transaction (4). 7. Paid creditor $440 cash on account. 8. Paid dividends of $510 cash to stockholders. (a) 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 \begin{tabular}{l} Normal \\ Balance \\ \hline Debit \\ \end{tabular} Basic Type holders' Equity Specific Account : \begin{tabular}{ll} Effect & \begin{tabular}{r} Normal \\ Balance \end{tabular} \\ \hline Increase & Credit \end{tabular}