S. Shefficid has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $8,600 in cash. 4 Pays insurance in advance for 6 months, $1,800 cash. 16 Receives $2,700 from clients for services performed. 27 Pays secretary $1,400 salary. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record joumal 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.)