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Question(s) / Instruction(s):

ACCT2020 Ankiel 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.

 4             Pays insurance in advance for 3 months, $1,500.

 16          Receives $900 from clients for services rendered.

 27          Pays secretary $500 salary.

Required:

Indicate (a) the basic analysis and (b) the debit-credit analysis.

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