Jim Carrey 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 90–93 of the text. Journalize the transactions.. LO5 Aug. 1 Opens an office as a financial advisor, investing $15,000 in cash in exchange for common stock.

4 Pays insurance in advance for 6 months, $2,100.

16 Receives $1,000 from clients for services rendered.

27 Pays secretary $900 salary.