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5 Part 1 of 3 Required information [The following information applies to the questions displayed below) Rawico Communications operates 10 radio stations. The following
5 Part 1 of 3 Required information [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 $2.700. Supplier intends to deliver later in the month b. Purchased equipment that cost $32.000; paid $18,000 cash and signed a promissory note to pay $14,000 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 $12,000 cash from the company's owners in exchange for issuing common shares Supplies (ordered in (a) were received, along with a bill for $2.700 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) Equipment Cash Cash Cash Supples Totals A 000 00 Answer is not complete. Lates 32.000. Notes Payable (short-term) 32.000 Stockholders' Equity 14.000 - 14,000 0
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