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 $5,400 cash to begin the business in exchange for common stock. April 2 Paid $1,710 cash for six months' lease on a van for the business. April 3 Borrowed $6,000 cash from a bank and signed a note payable, agreeing to repay it in one year plus 10% interest. April 4 Purchased $3,300 in cleaning equipment; the company paid $1,500 cash with the remainder due within 30 days. April 5 Paid $2,580 cash for cleaning supplies. April 7 Paid $210 cash for advertisements to run in the area newspaper during April. April 21 Billed customers $2,100 for services performed. April 23 Paid $1,800 cash toward the account for cleaning equipment (see April 4). April 28 Collected $1,380 cash from customers on their accounts billed on April 21 April 29 Paid $600 cash for dividends. April 30 (a) Paid $1,650 cash for April wages. April 30 (b) Paid $597 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 Liabilities Transaction April 1 April 2 April 3 April 4 April 5 April 7 April 21 April 23 April 28 April 29 April 30(a) April 30(b) Cash Asset Common Stock N/A Advertising Expense Equipment Cost of Goods Sold Dividends 5,400 (1,710) Wages Expense Fuel Expense 6.000 (1,500) (2,580) (210) . 0 F (1,800) 1.380 (600) (1,650) (597) N/A Noncash Assets 0. 0. 0 0- 0. 0. 2,100 0. D 0 0 . 0 • 0 + Contrib. Capital 0 1,710 . 0 . 0 0 0 . 0 . 0 a 0 0 . 0 0 0 D . 0 . 0 0 D . 0 . 0 1 0 D . 0 . 0 Earned Capital 0 0 0 + 0 B 0 0 0 . 0 B 0 0 . 0 . 0 Revenues Income Statement 0 . 0 0 . 0. 0 0. 0 . 0. • 0 0 0 0 • Expenses 0. D. . 0 . 0 = Net Income 0. 0 + D. DI 0 = 0. . D. 0 0. 0 0 0 0 0 0 0 0 0 0 0