Sarasota Corp. has the following transactions during August of the current year. Aug. 1 Aug. 4 Issues shares of common stock to investors in exchange for $10.350. Pays insurance in advance for 3 months, $1.700. Receives $800 from clients for services rendered. Pays the secretary $610 salary. Aug 16 Aug. 27 Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit Analy Aug 1 The asset Cash 15 Increased Debits Increase Assets Debit Cash the stockholders equity account Common Stock is Increased S 10350 The asset Cash is Increased Debits Increase Assets Debit the stockholders' equity account Cash Common Stock v is Increased 10350 Credits Credit $ The asset Is Debits IT Debit the asset is Credits Credit $ Aug 16 The asset Debits Debit the revenue is $ Credits Credit $ Aug 27 The expense is Debits Debit the asset is $ Credits Credit