Assessing Financial Statement Effects of Transactions B. Fischer started Fischer Company, a cleaning services firm on April 1. Record the following transactions for April using the financial statement effects template. April 1 B Fischer invested 19,000 cash to begin the business in exchange for common stock April 2 Paid $2,850 cash for six months' lease on a van for the business. April 3 Borrowed $10,000 cash from a bank and signed a note payable, agreeing to repay it in one year plus 10% interest, April 4 Purchased $5,500 in cleaning equipment; the company paid $2,500 cash with the remainder due within 30 days. April 5 Paid $4,300 cash for cleaning supplies. April 7 Paid $350 cash for advertisements to run in the area newspaper during April April 21 Billed customers $3,500 for services performed. April 23 Paid $3,000 cash toward the account for cleaning equipment (see April 4 April 28 Collected $2,300 cash from customers on their accounts billed on April 21. April 29 Paid $1,000 cash for dividends. April 30 (a) Paid $2,750 cash for April wages. April 30 (b) Paid $995 cash for gasoline used during April. b. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount Balance Sheet Transaction Cash Asset Noncash Assets Liabilities Contrib. Capital Earned Capital April 1 9,000 0- 0 0 Common Stock April 2 2.850 0 0 0 Revenues - Net Income 0 D 0 0 + + Income Statement Expenses 0 + 0 + 0 0 0 . 0 April 3 O- 0 Accounts Payable 10,000 0 0 . 0 C . C . 0 . 0 April 4 OP 0 e April 5 0 0 = 0 0 . 0 0 April 7 a 0 OE 0 D 0 . 0 . 0 . D D + D + D- + 0 . 0 0 . 0 0 0 : 0 = 0 . D D . D . April 21 0 0 = 0 D 0 : April 23 0 0 OE D + 0 April 28 0 0 D 0 = D April 29 0 0 0 O- 0 0 . 0 0 0 . 0 + 0- + 0 - . 0 April 301a) 0 0 0 - . 0 0 . 0 0 . 0 0 April 30b) 0 0 0 - 0- 0 0