Metlock, Inc. has the following transactions during August of the current year. Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis.

Aug. 1		Opens an office as a financial advisor, investing $5,400 in cash in exchange for common stock.
4		Pays insurance in advance for 6 months, $1,860 cash.
16		Receives $900 from clients for services performed.
27		Pays secretary $1,150 salary.