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Rawico Communications operates 10 radio stations throughout the West. The following events occured during September. a. Placed an order for office supplies costing $1,700.
Rawico Communications operates 10 radio stations throughout the West. The following events occured during September. a. Placed an order for office supplies costing $1,700. Supplier intends to deliver later in the month. b. Purchased equipment that cost $22,000; paid $6,000 cash and signed a promissory note to pay $16,000 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 $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 $1,700.
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