Pina Colada Corp. 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 $4,000 in cash in exchange for common stock. 4 16 27 Pays insurance in advance for 6 months, $1,650 cash. Receives $2,200 from clients for services performed. Pays secretary $1,010 salary. (a) Effect on Accounting Equation (b) Debit-Credit Analysis Aug. 1 Debits Debit Credits Credit Debits Debit Credits Credit Debits The asset IS the stockholders' equity account is Aug. 4 The asset IS the asset is Aug. 16 The asset IS