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