Required: 1. Identify and analyze the transaction for the receipt of the customer deposit on April 1. How does this entry affect the accounting equation? 2. Identify and analyze the adjustment on April 30 . 2. Identify and analyze the adjustment on April 30 . How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. 3. What will be the effect on net income for April if the adjustment in (2) is not recorded? Net income will be by