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Brief Exercise 3-9 Ayayai Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in

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Brief Exercise 3-9 Ayayai Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,150. 4 Pays insurance in advance for 3 months, $1,730. 16 Receives $880 from clients for services rendered. 27 Pays the secretary $530 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT INTER

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