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solve Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business. Purchased

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Selected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business. Purchased used car for $3,000 cash for use in busin Purchased supplies on account for $600. Billed customers $2,400 for services performed. Paid $350 cash for advertising. Received $900 cash from customers billed on Janua Paid creditor $300 cash on balance owed. Withdrew $1,000 cash for personal use by owner. For each transaction, indicate the following. a. The basic type of account debited and credited (asset, liability, owner's 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. Use the following format, in which the January 2 transaction is given as an example. 2. Lennon Industries had the following transactions. - 1. Borrowed $5,000 from the bank by signing a note. - 2. Paid $3,900 cash for a computer. - 3. Purchased $650 of supplies on account. Felected transactions for Sophie's Dog Care are follows during the month of March. rch 1 Paid monthly rent of $1,200. 3 Performed services for $160 on account. 5 Performed services for cash of $75. Purchased equipment for $600. The company 8 paid cash of $90 and the balance was on account. 12 Received cash from customers billed on 12 March 3. 14 Paid salaries and wages to employees of 14$525. 22 Paid utilities of $72. 24 Borrowed $1,500 from Grafton State Bank by signing a note. 27 Paid $220 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $1,800 for six months of insurance

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