Blue Spruce Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,280. 4 Pays insurance in advance for 3 months, $1,870. 16 Receives $790 from clients for services rendered. 27 Pays the secretary $730 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O 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 Account Titles and Explanation Debit Credit Aug. 1 Aug. 4 Aug. 16 Aug. 27