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In the first month of business, Jakmak Interior Design Company had the following transactions: Mar....

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Accounting

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In the first month of business, Jakmak Interior Design Company had the following transactions: Mar. 5 7 9 11 13 The owner, Jackie MacKenzie, invested $10,290 cash in the business. Paid $595 cash for advertising the launch of the business. Purchased supplies on account for $1,070. Purchased a used car for $8,580 cash, for use in the business. Billed customers $2,220 for services performed. Borrowed $10,070 from the bank and signed a note payable. Received $1,120 cash from customers billed on March 13. Paid for the supplies purchased on March 9. Received $625 cash from a customer for services to be performed in April. Paid Jackie MacKenzie $1,020 cash for her personal use. 25 26 29 30 31 For each transaction, indicate: (a) (b) (c) the basic type of account debited and credited (asset, liability, or owner's equity); the specific account debited and credited (Cash, Rent Expense. Service Revenue, etc.); and whether each account is increased (+) or decreased (-), and by what amount

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