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Rawico Communications operates 15 radio stations throughout the West. The following events occured during September. a. Placed an order for office supplies costing $2,600,
Rawico Communications operates 15 radio stations throughout the West. The following events occured during September. a. Placed an order for office supplies costing $2,600, Supplier intends to deliver later in the month. b. Purchased equipment that cost $31,000, paid $18,000 cash and signed a promissory note to pay $13,000 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 $11,000 cash from the company's owners in exchange for issuing common shares Supplies (ordered in (a were received, along with a bill for $2,600. value 0.50 points Required: 1. Indicate the specific account, amount and direction of effects for each transaction on the radio station's accounting equation. If an event is not considered transaction, leave the account, amount and direction of effects blank. (Enter any decreases to account balances with a minus sign.) b. G d. e. 18. Totais Assets Liabilities Stockholders' Equity
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