Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are shown below and on page 86. Jan. 2 Invested $15,000 cash in the business in exchange for common stock. 3 Purchased used car for $8, 200 cash for use in the business. 9 Purchased supplies on account for $500. 11 Billed customers $1, 800 for services performed. The Recording Process Jan. 16 Paid $200 cash for advertising. 20 Received $780 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Declared and paid a $500 cash dividend. Instructions For each transaction indicate the following. (a) The basic type of account debited and credited (asset, liability, stockholders equity). (b) The specific account debited and credited (Cash, Rent Expense, Service Revenue. etc.). (c) Whether the specific account is increased or decreased. (d) The normal balance of the specific account. Journalize the transactions using journal page J1. (You may omit explanations.)