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J.A. Motzek SA has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug
J.A. Motzek SA has the following transactions during August of the current year. Indicate the effect on the accounting equation and the debit-credit analysis. Aug Opens an office as a financial advisor, investing R$5,000 in cash in exchange for ordinary shares. 4 Pays insurance in advance for 6 months, R$1,800 cash. 16 Receives R$1,100 from clients for services performed. 27 Pays secretary R$1,000 salary. Effect on Accounting Equation Debit-Credit Analysis Aug. 1 The D |R$L Debits Debit | Credits Credit the Aug. 4 The Debits Debit | Credits the Aug. 16 The 2- Credit Debits Debit L Credits the Credit Aug. 27 The Debits Debit | Credits the Credit
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