Concord Corporation has the following transactions during August of the current year. Aug 1 Issues shares of common stock to investors in exchange for $10.020. 4 Paysinsurance in advance for 3 months, $1,550. 16 Receives $870 from clients for services rendered. 27 Pays the secretary $600 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 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.)