Flounder Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,110. Aug. 4 Pays insurance in advance for 3 months, $1,800. Aug. 16 Receives $750 from clients for services rendered. Aug. 27 Pays the secretary $500 salary. Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit Analysis Aug. 1 The asset is Debits Debit the stockholders' equity account is $ Credits Credit $ Aug. The asset vis Debits 4 Debit Debit the asset is $ Credits Credit $ Aug. 16 The asset is Debits Debit the revenue > is $ Credits Credit $ Aug. 27 The expense is Debits Debit the asset is $ Credits Credit $