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Tilton Corporation has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000.

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Tilton Corporation has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to investors in exchange for $10,000. Aug. 4 Pays insurance in advance for 3 months, $1, 500. Aug. 16 Receives $900 from clients for services rendered. Aug. 27 Pays the secretary $620 salary Indicate the basic analysis and the debit-credit analysis

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