with the info above, fill in each column on the chart below. For the debit side on left, or the credit side on the right

EZ Reader was founded in January to provide text reading and recording services Selected transactions for EZ Reader's first month of business are as' follows a Issued common stock to investors for $50,000 cash b Billed customers $10,500 for services performed in January c Purchased equipment for $24,500 for use in the business. Paid in cash d Purchased $2,400 of supplies on account e Received $7,500 cash from customers billed in transaction (b) f Used S1,500 in utilities, which will be paid in February g Paid employees $3,500 cash for work done in January h Paid $1,200 cash toward supplies purchased in transaction (d) Required 1. For each transaction, give (a) the name of the account being debited or credited, (b) the basic account type (A, L, SE, R. E), (c) whether the account is increased () or decreased () due to the transaction and (d) whether the account normally holds a debit or ctedit balance Transaction (a) has been given as an example Debit Side of Journal Entry Credit Side of Journal Entry Account Account Direction Normal Account Account Direction Normal Name Type of Change Balance Name Type of Change Balance