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Please correct my errors, if/where applicable. Required information E2-10 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO
Please correct my errors, if/where applicable. Required information 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 10 radio stations. The following events occurred during Septembec. a. Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month. c. Negotiated and signed a one-year bank loan, and then deposited $6,000 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. f Supplies [ordered in (a)] were received, along with a bill for $2.500. 1. Indicate the specific account, amount, and direction of effects for each tansaction on the radio station's accounting equation. If an event is not considered a transoction, leave the account, amount and direction of effects blank. (Enter any decreases to account balances with a minus sign.)
Please correct my errors, if/where applicable.
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