Current Attempt in Progress Pina Colada Corp. has the following transactions during August of the current year. Aug. 1 Aug. 4 Aug. 16 Aug. 27 Issues shares of common stock to investors in exchange for $10,880. Pays insurance in advance for 3 months, $1,500. Receives $880 from clients for services rendered. Pays the secretary $680 salary. 1 Indicate the basic analysis and the debit-credit analysis. Basic Analysis Aug The asset Debit-Credit Analy 1 vis Debits the stockholders' equity account Debit vis $ Credits Credit $ Aug 4 The asset > is Debits Debit the asset v is $ Credits Credit $ Aug The asset 16 Debits the revenue Debit is $ Credits Credit $ Aug 27 The expense Debits Debil the asset IS $ Credits Credit