Inferring Investing and Financing Transactions and Preparing a Balance Sheet During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated in the following schedule: Accounts Cash Investments (short-term) Notes receivable (due in six months) DOLLAR EFFECT OF EACH OF THE SIX TRANSACTIONS 1 2 3 $45,000 $(8,000) $(2,000) Computer equipment Delivery truck 35,000 Notes payable (due in 10 years) 27,000 Common stock (3,000 shares) 6,000 Additional paid-in capital 39,000 4 5 6 Ending Balance $(7,000) $3,000 $(4,000) 7,000 (3,000) 2,000 $4,000 Required: 1. Write a brief explanation of transactions (1) through (6). Explain any assumptions that you made. 2. Compute the ending balance in each account and prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March.