Cissi Jean Oliver opened Cleaning Angels, Inc. on April 1, 2017. During April, the following transactions were completed: Issued 5,000 shares of Cleaning Angels common stock for $13,000. Each share has a $1.50 par. pr 3 3 Borrowed $8,000 on a 2-year, 6% note payable. Paid $9,020 to purchase used floor and window cleaning equipment from a company going out of business ($4,820 was for the floor equipment and $4,200 for the window equipment). 3 3 Paid $220 for April Internet and phone service. 3 Purchased cleaning supplies for $980 on account. Hired 4 employees. Each will be paid $480 per 5-day work week (Monday- 4 Friday). Employees will begin working on Monday, April 10 Obtained insurance coverage for $9,840 per year. Coverage runs from April 1, of coverage. 5 2017, through March 31, 2018. Cissi Jean paid $2,460 cash for the first quarter Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Cissi Jean sold the window cleaning equipment for $3,950 cash. 5