Pina Colada Corp. has the following transactions during August of the current year. Aug. 1 4 16 27 Issues shares of common stock to investors in exchange for $10,880. Pays insurance in advance for 3 months, $1,500. Receives $880 from clients for services rendered. Pays the secretary $680 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Pina Colada Corp, has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,880. 4 Pays insurance in advance for 3 months, $1,500. 16 Receives $880 from clients for services rendered. 27 Pays the secretary $680 salary. Jourralize the transactions, (If no entry is required, select "No Entry" for the account tifles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)