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Aug. 1 Issues shares of common stock to investors in exchange for $10, 000. Aug. 4 Pays insurance in advance for 3 months, $1,500. Aug.

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Aug. 1 Issues shares of common stock to investors in exchange for $10, 000. Aug. 4 Pays insurance in advance for 3 months, $1,500. Aug. 16 Receives $900 from clients for services rendered. Aug. 27 Pays the secretary $620 salary. Indicate the basic analysis and the debit-credit analysis

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