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August of the current year. Aug. 1 4 Opens an office as a financial advisor, il Pays insurance in advance for 6 month Receives $3,600

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August of the current year. Aug. 1 4 Opens an office as a financial advisor, il Pays insurance in advance for 6 month Receives $3,600 from clients for servic Pays secretary $1,600 salary. 16 27 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation ice as a financial advisor, investing $8,800 in cash. ce in advance for 6 months, $1,800 cash. 600 from clients for services performed. ry $1,600 salary. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit

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