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4 Part 1 of 3 09 points a. Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month.
4 Part 1 of 3 09 points a. Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. c. Negotiated and signed a one-year bank loan, and then deposited $5,000 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. Supplies (ordered in (a) were received, along with a bill for $2,000. Hm P Required: 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) 46 Equipment Cash PROD eCash Supplies Totals Assets Liabilities 30.000 (10,000) Notes Payable (short-term Notes Payatre (short-term 10,000 2,000 Accounts Payable 32.000 20,000 5,000 Check my work Stockholders' Equity Common Stock 10.0 2,000 27,000 100
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