Monty Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,940. Aug. 4 Pays insurance in advance for 3 months $1,630. Aug. 16 Receives $940 from clients for services rendered. Aug. 27 Pays the secretary $450 salary

Monty Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,940. Aug. 4 Pays insurance in advance for 3 months, \$1,630. Aug. 16 Receives $940 from clients for services rendered. Aug. 27 Pays the secretary $450 salary. Indicate the basic analysis and the debit-credit analysis. LK Ch 3 Homework Question 9 of 22 Aug. The asset 4 the asset Aug. The asset the revenue the revenue is is is is Aug. The expense is 27 The expense the asset Debits Debit $ Credits Credit $ Debits Debit $ Credits Credit $ Debits Debit 153 Credits