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Indicate the basic analysis and the debit-credit analysis

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Question - Pronghorn Corp has the following transactions during August of the current year.

Aug. 1 - Issues shares of common stock to investors in exchange for $10,500.

Aug. 4 - Pays insurance in advance for 3 months, $2,200.

Aug. 16 - Receives $800 from clients for services rendered.

Aug. 27 - Pays the secretary $580 salary.

Required - Indicate  the basic analysis and the debit-credit analysis.

Reference no: EM131581302

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