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. 3 Purchased used car for $4,000 cash for use in business. 9 Purchased supplies on account for $500. 11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal use by owner. Instructions For each transaction indicate the following. (a) The basic type of account debited and credited (asset, liability, ownerâ 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.
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10/12/2017 03:44:43 am
ASIAN: Asian interior design reflects materials and completions from the East. This design style is ordinary of Thailand, Malaysia, Indonesia and China. BRITISH: there is numerous styles to celebrate British interior design anyway, I am going to concentrate on two of them, Cool Britannia and Shabby Chic.
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