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Selected transactions for Sarasota, an interior decorator coeporation, in its first month of business, are as follows. 1. Issued stock to investors for $13,700 ia

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Selected transactions for Sarasota, an interior decorator coeporation, in its first month of business, are as follows. 1. Issued stock to investors for $13,700 ia cash. 2. Purchased uned car for $10700 cash for use in business. 1. Purchased mpplies on account for $230. 4. Eithed customers 35.300 for services perfoemed. 5. Paid $270 eash for advertisine at the start of the buninevt. 6. Frecked $1,230 canh from cuntomers bised in tramaction (4). 7. Paid crediter $260 canhon account 8. Paid divisend ed $30 cavh so shockholders. (a) For each tranaction indicate the bask trpe of account deblted and credited tasset, liability stockholders equityr. the specific account debited and credited iCait. Rent Capense. Service ferverwe, etc h whether the specific accoknt is increased or decreased: and the normal balance of the specific account

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