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Marigold Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000.

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Marigold Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000. Aug. 4 Pays insurance in advance for 3 months, $1,350. Aug. 16 Receives $900 from clients for services rendered. Aug. 27 Pays the secretary $610 salary. Aug. The asset is ; Debits Debit the stockholders' equity account Credits Credit Aug. The asset Debits 4 Debit the asset is A Credits Credit ta Aug. The asset Debits 16 Debit the revenue is Credits Credit Aug. The expense Debits 27 Debit the asset Credits Credit

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