Selected transactions for Pronghorn, an interior decorator corporation, in its first month of business, are as follows. L Issued stock to investors for $14,600 in cash. 2. Purchased used car for $10.500 cash for use in business. 3. Purchased supplies on account for $300. 4. Billed customers $5.380 for services performed. 5. 6. Paid $200 cash for advertising at the start of the business. Received $1,730 cash from customers billed in transaction (4). 7 Paid creditor $300 cash on account. 8. Paid dividends of $390 cash to stockholders. 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. No. 1. Asset 2. 7 Account Debited Basic Type Specific Account Effect Cash Increase eTextbook and Media List of Accounts Save for Later > Normal Balance Bas Debit Stockholder Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above (b)