Question 2 Incomplete answer Marked out of 25.00 P Flag question 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 Incomd Note: Indicate a decrease in an account category by including a negative sign with the amount. Incom Balance Sheet Liabilities Transaction Cash Asset + Noncash Assets + Contrib. Capital + Earned Capital Revenues April 1 0 0 = 0 0 0 0 N/A N/A A N/A A N/A . N/A April 2 0 = 0 0 0 0 A N/A N/A A N/A N/A N/A April 3 0 = 0 o 0 N/A N/A N/A N/A N/A April 4 o 0 0 N/A N/A N/A N/A . N/A April 5 0 0 0 0 - - N/A . N/A - N/A N/A N/A April 7 0 = 0 0 0 0 N/A A N/A N/A N/A . N/A April 21 0 = 0 0 0 N/A N/A N/A N/A . N/A April 23 0 = 0 0 0 A N/A N/A N/A N/A N/A April 28 0 = 0 0 0 0 N/A . N/A NA N/A N/A N/A April 29 0 = 0 0 0 0 N/A N/A N/A N/A N/A 1 April 30(a) 0 = 0 0 0 0 . A NIIN Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Liabilities + Noncash Assets = + Contrib. Capital + Earned Capital Revenues Income Statement Expenses 0 = Net Income 0 = 0 0 0 0 = 0 N/A N/A N/A - N/A N/A 0 = O 0 0 0 - = N/A A N/A A N/A A N/A N/A A 0 = 0 0 0 - 0 = 0 N/A N/A N/A N/A N/A 0 0 0 - 0 = 0 N/A A N/A A N/A A N/A N/A 0 0 0 0 - N/A N/A N/A N/A A N/A 0 = 0 0 0 - N/A A N/A N/A N/A . N/A 0 = 0 0 0 0 = N/A N/A N/A N/A N/A 0 = 0 0 0 - 0 = 0 N/A N/A A N/A N/A N/A - 0 = 0 0 0 0 - 0 = 0 N/A N/A N/A N/A N/A N/A 0 = 0 0 0 0 0 = N/A N/A N/A N/A A N/A - 0 = 0 0 0 0 . A MIIA MIIA MIIA
