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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

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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 fir April 1 B. Fischer invested $21,600 cash to begin the business in exchange for common stock, April 2 Pald 56,840 cash for six months' lease on a van for the business. April 3 Borrowed $24,000 cash from a bank and signed a note payable, agreeing to repay it in one year plus 10% interest April 4 Purchased $13,200 in cleaning equipment, the company paid $6,000 cash with the remainder due within 30 days. April 5 Paid $10,320 cash for cleaning supplies April 7 Paid 5840 cash for advertisements to run in the area newspaper during April April 21 Billed customers $8,400 for services performed April 23 Paid $7.200 cash toward the account for cleaning equipment (see April 4). April 28 Collected 55,520 cash from customers on their accounts billed on April 21. April 29 Paid $2,400 cash for dividends. April 30 (a) Paid $6,600 cash for April wages. April 30 (b) Paid $2,388 cash for gasoline used during April Note: For each account category, indicate the appropriate account name: Enter "N/A" for any account category that is not used Note: Indicate a decrease in an account category by including a negative sign with the amount Revenues Contrib. Capital Earned Capital Liabilities Cash Asset Noncash Assets Transaction April 0 0 0 . . 0 0 0 Apre 2 TO . 0 0 0 0- 0 . : 0 01 - 0 Accounts Payable Accounts Receivable Advertising Expense Cash Apel 0 . 0 0 Aprils 0- . 0 . 0 0 0 Common Stock 0- O- April . Cost of Goods Sold D 0 0 3 Abril 21 Dividends O . O- O 0 0 0 = April 23 . 0 D 0 April 20 2 0 Equipment Fuel Expense Insurance Expense inventories Notes Payable Prepaid insurance D 0 D . . Apr 29 D- . O- 0 0 O 0 Apre sca) 8 2 M. Prepaid Van Lease

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