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 $10,800 cash to begin the business in exchange for common stock. April 2 Paid $3,420 cash for six months' lease on a van for the business. April 3 Borrowed $12,000 cash from a bank and signed a note payable, agreeing to repay it in one year plus 10% interest April 4 Purchased $6,600 in cleaning equipment; the company paid $3,000 cash with the remainder due within 30 days. April 5 Paid $5,160 cash for cleaning supplies. April 7 Paid $420 cash for advertisements to run in the area newspaper during April April 21 Billed customers $4,200 for services performed. April 23 Paid $3,600 cash toward the account for cleaning equipment (see April 4). April 28 Collected $2,760 cash from customers on their accounts billed on April 21. April 29 Paid $1,200 cash for dividends. April 30 (a) Paid $3,300 cash for April wages. April 30 (b) Paid $1,194 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 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 10,800 0 10,800 + Revenues Income Statement Expenses 0- = Net Income 0 = 0 0 = April 2 0 0 0 0 0 0 - 0 = 0 . April 3 0 0 0 0 0- 0 . . April 4 0 0 D 0 0 - 0 0 0 D 0 . April 0 O- 0 D o 0 - 0 . D- . + (420) - April 0 0 0- 0 (420) 0 A D . . 0 - April 21 0 a 0 0 4,200 0 = 4,200 . April 23 0 0 = 0 0 0 0 0 = 0 . 0 = April 28 0 0 0 0 0- 0 = 0 April 29 (1.200) 0 D 0 - 0 0 0 = 0 .. (1,200) . 0 0 . April 30(a) D 0 - 0 D 0 - 0 3,300 - 13.300) . . April 3010 D 0- 0 D 0 0 1,194 - (1,194)