M. Bonzales has the following transactions during August of the current year.

Indicate the effect on the accounting equation and on the debit-credit analysis.

Aug. 1	Opens an office as a financial advisor, investing $8,000 in cash.
4	Pays insurance in advance for 6 months, $1,800 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 assetisIncreasedDecreased;	DebitsDecrease ExpensesDecrease RevenuesIncrease AssetsDecrease Owners EquityIncrease Owners EquityDecrease AssetsIncrease RevenuesIncrease Expenses
the owners equity accountisIncreasedDecreased.	Debit$
CreditsDecrease ExpensesDecrease RevenuesDecrease Owners EquityIncrease AssetsIncrease Owners EquityDecrease AssetsIncrease RevenuesIncrease Expenses
Credit$
Aug. 4	The assetisIncreasedDecreased;	DebitsDecrease ExpensesDecrease Owners EquityIncrease Owners EquityDecrease RevenuesIncrease AssetsDecrease AssetsIncrease RevenuesIncrease Expenses
the assetisIncreasedDecreased.	Debit$
CreditsDecrease AssetsDecrease RevenuesIncrease Owners EquityIncrease RevenuesIncrease ExpensesDecrease Owners EquityDecrease ExpensesIncrease Assets
Credit$
Aug. 16	The assetisIncreasedDecreased;	DebitsIncrease ExpensesDecrease Owners EquityDecrease RevenuesDecrease ExpensesIncrease Owners EquityIncrease AssetsDecrease AssetsIncrease Revenues
the revenueisIncreasedDecreased.	Debit$
CreditsDecrease Owners EquityIncrease RevenuesIncrease ExpensesDecrease RevenuesDecrease ExpensesIncrease AssetsIncrease Owners EquityDecrease Assets
Credit$
Aug. 27	The expenseisIncreasedDecreased;	DebitsDecrease AssetsDecrease Owners EquityIncrease RevenuesDecrease RevenuesDecrease ExpensesIncrease ExpensesIncrease AssetsIncrease Owners Equity
the assetisIncreasedDecreased.	Debit$
CreditsIncrease Owners EquityIncrease AssetsDecrease RevenuesIncrease ExpensesIncrease RevenuesDecrease ExpensesDecrease AssetsDecrease Owners Equity
Credit$