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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. 1Opens

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. 1Opens an office as a financial advisor, investing $9,000 in cash.4Pays insurance in advance for 6 months, $2,100 cash.16Receives $3,600 from clients for services performed.27Pays secretary $1,000 salary.

What are the effects of the accounting equatiuon?

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