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Question 2 Not complete Marked out of 2.00 P Flag question Preparing Journal Entries and Posting B. Fischer started Fischer Company, a cleaning services
Question 2 Not complete Marked out of 2.00 P Flag question Preparing Journal Entries and Posting B. Fischer started Fischer Company, a cleaning services firm, on April 1. April 1 B. Fischer invested $12,600 cash to begin the business in exchange for common stock. April 2 Paid $3,990 cash for six months' lease on a van for the business. April 3 Borrowed $14,000 cash from a bank and signed a note payable, agreeing to repay it in one year plus 10% interest. April 4 Purchased $7,700 in cleaning equipment; the company paid $3,500 cash with the remainder due within 30 days. April 5 Paid $6,020 cash for cleaning supplies. April 7 Paid $490 cash for advertisements to run in the area newspaper during April. April 21 Billed customers $4,900 for services performed. April 23 Paid $4,200 cash toward the account for cleaning equipment (see April 4). April 28 Collected $3,220 cash from customers on their accounts billed on April 21. April 29 Paid $1,400 cash for dividends. April 30 (a) Paid $3,850 cash for April wages. April 30 (b) Paid $1,393 cash for gasoline used during April. a. Prepare a journal entry for each transaction. Note: List any multiple debits or any multiple credits in alphabetical order by account name.
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