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  3. 1. bombeck inc, has the following transactions dur

1. Bombeck Inc, has the following transactions during August of the current year. August...

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Accounting

1. Bombeck Inc, has the following transactions during August of the current year.

August 1. Opens an office as financial advisor, investing $ 5000 in cash in exchange for common stock.

August 4. Pays insurance in advance for 6 months, $ 1800 cash.

August 16. Receives $ 1900 from clients for services performed.

August 27. Pays secretary $ 1000 salary.

Using the data above, journalize the transactions. ( you may omit explanations).

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