ACC1800 Assignment #2 M3-14. Assessing Financial Statement Effects of Transactions pany, a cleaning services firm, began business on April 1. The company Verrecchia Com created the following accounts to record the transactions for April: Cash, Accounts Receivable, Supplies: Prepaid Van Lease, Equipment; Notes Payable; Accounts Payable; Common Stock; Dividends; Cleaning Fees Eaned; Wages Expense; Advertising Expense; and Van Fuel Expense. Record the following transactions for April using the financial statement effects template. April 1 R. Verrecchia invested $9,000 cash to begin the business in exchange for common stock. Paid S2,850 cash for six months' lease on van for the business. 2 3 Borrowed $10,000 cash from bank and signed note payable agreeing to repay it in one year plus 1 0% interested. 4 Purchased $5,500 of cleaning equipment, the company paid $2,500 cash with the reminder due within 30 days. 5 Paid $4,300 cash for cleaning supplies. 7 Paid $350 cash for advertisements to run in the area newspaper during April. 21 Billed customers $3,500 for services performed. 23 Paid $3,000 cash toward the account for cleaning equipment (see April 4). 28 Collected $2,300 cash from customers on their accounts billed on April 21. 29 Paid $1,000 cash for dividends. 30 Paid $2,750 cash for wages. 30 Paid $995 cash for gasoline used during April