FULL SCREEN PRINTER VERSION BAC M. Gonzales has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug. 1 Opens an office as a financial advisor, investing $9,000 in cash. 4 Pays insurance in advance for 6 months, $2,100 cash. 16 Receives 3,600 from clients for services performed 27 Pays secretary $1,000 salary Effect on Accounting Equation Debit-Credit Analysis Aug. 1 The asset Debits Debit the owner's equity account is Credits Credit $ Aug. 4 The asset Debits Debt Credits: Crede