The first two pictures are the questions. The following pictures are the choices for column (a), debits, and credit.

Brief Exercise 2-5 Concord Corporation 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 $5,600 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,900 cash. Receives $1,600 from clients for services performed. Pays secretary $1,850 salary. 16 27 (a) Effect on Assets, Liabilities, Stockholders' Equtity, Revenue, or Expenses (b) Debit-Credit Analysis Aug. 1 + The asset is Debits the stockholders' equity account Debit is Credits Credit Aug. 4 The asset is Debits the asset is Debit Credits Credit Aug. 16 The asset is Debits the revenue is . Debit Credits . Credit Aug. 27 is The expense i Debits the asset is Debit Credits Credit Increased Decreased Decrease Expenses Increase Assets Decrease Assets Increase Revenues Decrease Stockholders' Equity Increase Expenses Decrease Revenues Increase Stockholders' Equity Decrease Stockholders' Equity Decrease Expenses Decrease Assets Decrease Revenues Increase Assets Increase Expenses Increase Stockholders' Equity Increase Revenues