V. Vaugn has the following transactions during August of the current year.

Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash.

Aug. 4 Pays Insurance in advance for 6 months, $1,900 in cash.

Aug. 16 Receives $2,900 from clients for services performed.

Aug. 27 Pays secretary $1,200 salary.

Journalize the transactions.

V. Vaughn has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash. 4 Pays insurance in advance for 6 months, $1,900 cash. 16 Receives $2,900 from clients for services performed. 27 Pays secretary $1,200 salary. V. Vaughn has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash. 4 Pays insurance in advance for 6 months, $1,900 cash. 16 Receives $2,900 from clients for services performed. 27 Pays secretary $1,200 salary