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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

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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 15 radio stations. The following events occurred during September a Placed an order for office supplies costing $1800. Supplier intends to deliver later in the month b. Purchased equipment that cost $23.000 paid $6,000 cash and signed a promissory note to pay $17,000 in one month c Negotiated and signed a one-year bank loan and then deposited $5,000 cash in the company's checking account o Hired a new finance manager on the last day of the month e Received an investment of $11,000 cash from the company's owners in exchange for issuing common shares Supplies (ordered in (oll were received, along with a bill for $1,800. Dashboard E2-10 (Algo) Part 2 2. Prepare journal entries to record each transaction (if no entry is required for a transaction/event, select "No Journal Entry 0 Required information 1 a No Journal Entry Required 23,000 2 b Equipment Cash Notes Payable (short-term) 6.000 17,000 5.000 3 Cash Notes Payable (short-term) 5,000 0 4 d No Journal Entry Required > 5 Cash Dashboard 11,000 Common Stock 11,000 6 1 800 Supplies Accounts Payable 1,800 Pey 2 of 4 Next > Go E2-10 (Algo) Part 3 3. Rawico began the month with $180,000 in total assets. What total assets would be reported on the balance sheet after events (a). WP Answer is complete but not entirely correct. 5220

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