(SO4) BE24 Tom Oslow, a fellow student, is unclear about the basic steps in the record- "ing process. Identify and briefly explain the steps in the order in which they occur. Identify and explain sepe recording process BE2-5 T.J. Carlin has the following transactions during August of the current year. Indicato (503) (a) the effect on the accounting equation and (b) the debit-credit analysis illustrated on pages indicate basic and debir-credit 61-66 of the text. analysis Aug 1 Opens an office as a financial advisor, investing $8,000 in cash. (502) 4 Pays insurance in advance for 6 months, $1,800 cash. 16 Receives $860 from clients for services provided. 27 Pays secretary $1,000 salary, Journalze transactions BE2-6 Using the data in BE2-5, journalize the transactions. (You may omit explanations) (SO4)