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1 1.1 of 2 Required information E2-10 (Algo) Analyzing Accounting Equation effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO

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1 1.1 of 2 Required information E2-10 (Algo) Analyzing Accounting Equation effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4) [The following information applies to the questions displayed below.) Rawico Communications operates 10 radio stations. The following events occurred during September a. Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month. 6. Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month. c Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the company's checking account d. Hired a new finance manager on the last day of the month e Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares 1 Supplies (ordered in (all were received, along with a bill for $2,500 Book Print E2-10 (Algo) Part 2 E2-10 (Algo) Part 2 Part 1 of 2 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 25 points View transaction list Journal entry worksheet eBook 1 5 6 Hint Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month. Record the transaction Print Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general Journal C C II Dray Journal entry worksheet Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit b Part 1 of 2 2. Prepare journal entries to record each transaction (If no entry is required for a transaction/event, se Required" in the first account field.) 5 Sints View transaction list Journal entry worksheet eBook Hired a new finance manager on the last day of the month. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit d Record entry Clear entry View general journal . Journal entry worksheet ok 1 Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares. Record the transaction. t Note: Enter debits before credits. 1 nces Transaction General Journal Debit Credit e Record entry Clear entry View general journal Journal entry worksheet

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