Monty Corp. has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $4,600 in cash in exchange for common stock. 4 Pays insurance in advance for 6 months, $1,500 cash. 16 Receives $2,000 from clients for services performed. 27 Pays secretary $1,080 salary. Credit Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation > Debit