BE2.5 (LO 2) Bombeck Inc. has the following transactions during August of the current year. Indi- cate (a) the effect on the accounting equation and (b) the debit-credit analysis (as illustrated in the chapter). Aug. 1 4 16 27 Opens an office as a financial advisor, investing $5,000 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,800 cash. Receives $1,900 from clients for services performed Pays secretary $1,000 salary