Question: Your answer is partially correct. Try again. Ayayai Corp. has the following transactions during August of the current year Aug. 1 Issues shares of common

 Your answer is partially correct. Try again. Ayayai Corp. has the

Your answer is partially correct. Try again. Ayayai Corp. has the following transactions during August of the current year Aug. 1 Issues shares of common stock to investors in exchange for $9,000. Aug. 4 Pays insurance in advance for 3 months, $1,200 Aug. 16 Receives $800 from clients for services rendered. Aug. 27 Pays the secretary $550 salary, Indicate the basic analysis and the detit-credit analysis. Basic Analysis Debit-Credit Analysis Debits Aug, 1 The asset bit tie stockholders' equity account s Increa Crecits bits Aug. 4 The asset bit the asset Crecit 200 Aug. 16 Debits The asset bit the revenue $1800 bits 27 The expense is [Increase Debit the asse 550 Credits Credit S50

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