Question: Complete the transactions your answer is partially correct. Try again. Indigo Corporation has the following transactions during August of the current year. Aug. 1 Issues

Complete the transactions

your answer is partially correct. Try again. Indigo Corporation has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,400. 4 Pays insurance in advance for 3 months, $1,880. 16 Receives $800 from clients for services rendered. 27 Pays the secretary $500 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit X Aug. 1 v Cash 10,400 Common Stock 10,400 Aug. 4 V Prepaid Insurance 1,980 x Cash 1,980 x Aug. 16 v Cash 800 Service Revenue 800 Aug. 27 v Salaries and Wages Expense 500

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