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Rawico Communications operates fifteen radio stations. The following events are representative of those occurring during September. a. Placed an order for office supplies costing

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Rawico 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 (note payable), 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. 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.) Event Assets Liabilities b. Equipment Cash c Cash 30,000 Notes payable (short-term) 20,000 (10,000) 5,000 Notes payable (short-term) 5,000 d. B Cash 10,000 f. Supplies 2,000 Accounts payable 37,000 Shareholders' Equity Contributed capital 10,000 2,000 27,000 10,000

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