The basic type of account debited and creditedthe specific

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Selected transactions for D. Reyes, an interior decorator, in her first month of business, are as follows: Jan 2 - Invested $10,000 cash in business. Jan 3 - Purchased used car for $4,000 cash for use in business. Jan 9 - Purchased supplies on account for $500. Jan 11 - Billed customers $1,800 for services performed. Jan `16 - Paid $200 cash for advertising. Jan 20 - Received $700 cash from customers billed on Jan. 11. Jan 23 - Paid creditor $300 cash on balance owed. Jan 28 - Withdrew $1,000 cash for personal use by owner. INSTRUCTIONS: For each transaction indicate the following. The basic type of account debited and credited.The specific account debited and credited Whether the specific account is increased or decreased.The normal balance of the specific account.

Reference no: EM13480890

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