Gonzales SA, a financial advising company, has the following transactions during August of the current year, its first month of operations. Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis. Shareholders invest R$7,680 in cash in exchange for ordinary shares. Aug. 1 4 Pays insurance in advance for 6 months, R$1.920 cash 16 Receives R$3,456 from clients for services performed. 27 Pays secretary R$960 salary. Aug 1 The (a) Effect on Accounting Equation Debits