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please answer all these Sunland Company has the following transactions during August of the current year. Indicate (a) the effect on the assets, liabilities, stockholders'

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Sunland Company has the following transactions during August of the current year. Indicate (a) the effect on the assets, liabilities, stockholders' equtity, revenue, or expenses and (b) the debit-credit analysis. Aug. 1 4 Opens an office as a financial advisor, investing $5,800 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,960 cash. Receives $1,200 from clients for services performed. Pays secretary $1,490 salary. 16 27 (a) Effect on Assets, Liabilities, Stockholders' Equtity, Revenue, or Expenses (b) Debit-Credit Analysis X Aug. 1 Increased Increase Assets The asset is Debits X X the stockholders' equity account is Debit X Credits X Credit X X x Aug. 4 II The asset Debits X X the asset is Debit the asset Debit X Credits X Credit X Aug. 16 The asset is Debits X X the revenue is Debit X Credits X i i i Credit * x x X Aug. 27 The expense is Debits X X the asset is Debit X Credits Credit

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