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E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] Rawlco Commnunications operates 15 radio stations.
E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] Rawlco Commnunications operates 15 radio stations. The following events occurred during September a Placed an order for office supplies costing $1,600. Supplier intends to deliver later in the month. b. Purchased equipment that cost $21,000; paid $6,000 cash and signed a promissory note to pay $15,000 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 $9,000 cash from the company's owners in exchange for issuing common shares. f Supplies [ordered in (a)) were received, along with a bill for $1,600. E2-10 Part 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.) View transaction list 1nurnal antry wnrkehoat 4 of 5 Next
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