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Indicate the basic analysis and the debit-credit analysis

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Question - Flint Corporation has the following transactions during August of the current year.

Aug. 1 Issues shares of common stock to investors in exchange for $10,270.

Aug. 4 Pays insurance in advance for 3 months, $1,400.

Aug. 16 Receives $960 from clients for services rendered.

Aug. 27 Pays the secretary $720 salary.

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

Reference no: EM133103908

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