J. A. Norris Corporation has the following transactions during August of the current year. Indicate

(a) the basic analysis and

(b) the debit-credit analysis illustrated on pages 114-119.

Aug. 1 Issues shares of common stock to investors in exchange for $5,000.

4 Pays insurance in advance for 6 months, $1,800.

16 Receives $900 from clients for services rendered.

27 Pays secretary $500 salary.