US Exercise 3-7 (Part Level Selected transactions for Front Room, an interior decorator 1. Issued stock to investors for $15,000 in cash 3. 4. Purchased supplies on account for $300. Billed customers $3,700 for services performed. 6. 7. Received $1,100 cash from customers billed in transaction (4) Paid creditor $300 cash on account. For each transaction indicate the basic type of account debited and credited ted (asset, liability, stockholders' equity); the specific account debited and credited t etc.) 23