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 $5,400 cash to begin the business in exchange for common stock. April 2 Paid S1,710 cash for six months' lease on a van for the business. April 3 Borrowed $6,000 cash from a bank and signed a note payable agreeing to repay it in one year plus 10% interest. April 4 Purchased $3,300 in cleaning equipment; the company paid $1,500 cash with the remainder due within 30 days. April 5 Paid $2,580 cash for cleaning supplies. April 7 Paid $210 cash for advertisements to run in the area newspaper during April April 21 Billed customers $2,100 for services performed. April 23 Paid $1,800 cash toward the account for cleaning equipment (see April 4) April 28 Collected $1,380 cash from customers on their accounts billed on April 21. April 29 Paid $600 cash for dividends. April 30 (a) Paid $1,650 cash for April wages. April 30 (b) Paid $597 cash for gasoline used during April Note: For each account category, indicate the appropriate account name. Enter "NIA" 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 5,400 April 0 0 0 0 Common Stock NIA (1.710) April 2 0 1,710 D + Revenues Income Statement Expenses 0 0 = Net Income 0 0 0 0 0 0 . . D . 0 6,000 0 0 0 April 3 0 0 : 0 0 . (1,500) 0 0 0 0 April 0 0 (2,580) 0 0 0 0 0 April 0 0 0 April (210) 0 0 D 0 0 D 0 Advertising Expense 0 2,100 = 0 April 21 0 0 0 0 0 0 N/A April 23 (1,800) 0 = 0 0 0 0 0 0 0 Equipment 1,380 0 0 0 0 0 April 28 0 o Cost of Goods Sold (600) April 29 0 0 D 0 0 D Dividends . . (1,650) 0 April 30(a) 0 0 + 0 . 0 0 0 . 0 Waees Expense 0 . 0 0 . 0 April 30(b) (597) 0 = 0 0 Fuel Expense