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Q5. Bawko Communications operates fifteen radio stations. The following events are representative of those occurring during September. a. Placed an order for office supplies
Q5. Bawko Communications operates fifteen radio stations. The following events are representative of those occurring during September. a. Placed an order for office supplies costing $2,000; Supplier intends to deliver later in the month. b. Purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. c. Negotiated and signed a one-year bank loan, and as a result, deposited $5,000 cash in the company's chequing 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 shares. r. Supplies ordered in (a) were received, along with a bill for $2,000. 1. Select the specific account, amount, and direction of effects for each transaction on the radio station's accounting equation. (Enter any decreases to account balances with a minus sign.) Date A Account title & Description P.Ref. DR G Page 1 CR
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