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 Aug. 16 Receives $750 from clients for services rendered. Pays insurance in advance for 3 months, $1,800. Aug. 27 Pays the secretary $500 salary. Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit Analysis Aug. The asset is Debits 1 Debit the stockholders' equity account is 2$ Credits Credit 2$ Aug. The asset v is Debits 4 Debit Debit the asset is $ Credits Credit 2$ Aug. The asset is Debits 16 Debit the revenue is Credits Credit 2$ Aug. The expense is Debits 27 Debit the asset is Credits Credit 2$