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2 Part 1 of 3 2.77 points Required information Rawlco Communications operates 10 radio stations. The following events occurred during September a. Placed an order
2 Part 1 of 3 2.77 points Required information Rawlco Communications operates 10 radio stations. The following events occurred during September a. Placed an order for office supplies costing $3,300. Supplier intends to deliver later in the month. b. Purchased equipment that cost $38,000; paid $15,000 cash and signed a promissory note to pay $23,000 in one month. c. Negotiated and signed a one-year bank loan, and then deposited $7,000 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. f. Supplies [ordered in (a)] were received, along with a bill for $3,300. X 04:12:39 cBook Required: Hint 1. Indicate the specific account, amount, and direction of effects for each transaction on the radio station's accounting equation. If an event is not considered a transaction, leave the account, amount and direction of effects blank. (Enter any decreases to account balances with a minus sign.) Print Assets = Liabilities + Stockholders' Equity References b. c. d. e. Totals
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