M. Sheffield has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $8,850 in cash. 16 Receives $3,940 from clients for services performed. 27 Pays secretary $1,120 salary. 28 Pays insurance for the year $1,655 cash. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit