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T j carlin has the following transactions during august of

T. J. Carlin has the following transactions during August of the current year. Indicate

(a) The effect on the accounting equation and

(b) The debit-credit analysis illustrated on pages 61-66 of the text.

Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash.
4 Pays insurance in advance for 6 months, $1,800 cash.
16 Receives $800 from clients for services provided.
27 Pays secretary $1,000 salary.

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Accounting Basics: T j carlin has the following transactions during august of

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