Ayayai Corp. has the following transactions during August of the current year. Aug. 1 4 16 27 Issues shares of common stock to investors in exchange for $10,000. Pays insurance in advance for 3 months, $1,000. Receives $700 from clients for services rendered. Pays the secretary $450 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Credit Debit Account Titles and Explanation -/15 Question 1 of 5 Debit Credit Date Account Titles and Explanation Ac Qu Ace Qu Acco e Textbook and Media