Question
Journal Entry 1: Placed an order for office supplies costing $3,100. Supplier intends to deliver later in the month. Record the transaction. Journal Entry 2:
Journal Entry 1: Placed an order for office supplies costing $3,100. Supplier intends to deliver later in the month. Record the transaction. Journal Entry 2: Purchased equipment that cost $36,000; paid $15,000 cash and signed a promissory note to pay $21,000 in one month. Record the transaction. Journal Entry 3: Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the companys checking account. Record the transaction. Journal Entry 4: Hired a new finance manager on the last day of the month. Record the transaction. Journal Entry 5: Received an investment of $8,000 cash from the companys owners in exchange for issuing common shares. Record the transaction. Journal Entry 6: Supplies [ordered in (a)] were received, along with a bill for $3,100. Record the transaction.
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 $3,100. Supplier intends to deliver later in the month D. Purchased equipment that cost $36,000: paid $15.000 cash and signed a promissory note to pay $21,000 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 $8.000 cash from the company's owners in exchange for issuing common shares. 1. Supplies [ordered in (al] were received, along with a bill for $3,100. 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 fleld.) View transaction list Journal entry worksheet 12 3 4 5 6 Placed an order for office supplies costing $3,100. Supplier intends to deliver later in the month. Record the transaction. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journalStep by Step Solution
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