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During its first month of operations in March, Volz Cleaning, Incorporated, completed six transactions with the dollar effects indicated in the following schedule: Accounts

During its first month of operations in March, Volz Cleaning, Incorporated, completed six transactions with the dollar effects indicated in the following schedule: Accounts Cash Investments (short-term) Notes receivable (due in six months) Computer equipment Delivery truck Notes payable (due in 10 years) Common stock (3,000 shares) Additional paid-in capital Dollar Effect of Each of the Six Transactions 3 1 2 $52,000 $(8,000) $(4,400) $(12,000) 4,400 5,000 47,000 36,000 28,000 $4,000 $(8,000) 12,000 (4,000) 8,000 2. Prepare a classified balance sheet for Volz Cleaning, Incorporated, at the end of March. Ending Balance

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