Rawlco Communications operates 10 radio stations The following events occurred during September Placed an order for office supplies costing $2,700 Supplier intends to deliver later in the month Purchased equipment that cost $32,000 paid $18,000 cash and signed a promissory note to pay $14,000 in one month Negotiated and signed a one year bank loan, and then deposited $7,000 cash in the companys checking account Hired a new finance manager on the last day of the month Received an investment of $12,000 cash from the companys owners in exchange for issuing common shares Supplies ordered in ( a ) were received, along with a bill for $2,700 Prepare journal entries to record each transaction (If no entry is required for a transaction event, select No Journal Entry Required in the first account field ) OPTIONS FOR GENERAL JOURNAL PART 1 6 No Journal Entry Required Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Advertising Expense Amortization Expense Bad Debt Expense Bank Charges Expense Buildings Cash Common Stock Copyrights Cost of Goods Sold Deferred Revenue Delivery Expense Depreciation Expense Dividends Dividends Payable Donation Revenue Equipment Franchise Rights Goodwill Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Legal Expense Licensing Rights Logo and Trademarks Notes Payable (long term) Notes Payable (short term) Notes Receivable (long term) Notes Receivable (short term) Office Expense Patents Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Selling, General, and Administrative Expense Service Revenue Short term Investments Software Supplies Supplies Expense Travel Expense Utilities Expense Vehicles Journal entry worksheet Negotiated and signed a one year bank loan, and then deposited $7,000 cash in the company's checking account Record the transaction Note Enter debits before credits Transaction Gene Journ Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Hired a new finance manager on the last day of the month Record the transaction Note Enter debits before credits General Journal Debit Credit Transaction d Record entry Clear entry View general Journal Journal entry worksheet

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Rawlco Communications operates 10 radio stations. The following events occurred during September. Placed an order for office supplies costing $2,700. Supplier intends to deliver later

Rawlco Communications operates 10 radio stations. The following events occurred during September.

Placed an order for office supplies costing $2,700. Supplier intends to deliver later in the month.
Purchased equipment that cost $32,000; paid $18,000 cash and signed a promissory note to pay $14,000 in one month.
Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the companys checking account.
Hired a new finance manager on the last day of the month.
Received an investment of $12,000 cash from the companys owners in exchange for issuing common shares.
Supplies [ordered in (a)] were received, along with a bill for $2,700.

Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

image text in transcribed

OPTIONS FOR GENERAL JOURNAL PART 1-6:

No Journal Entry Required
Accounts Payable
Accounts Receivable
Accumulated Amortization
Accumulated Depreciation
Advertising Expense
Amortization Expense
Bad Debt Expense
Bank Charges Expense
Buildings
Cash
Common Stock
Copyrights
Cost of Goods Sold
Deferred Revenue
Delivery Expense
Depreciation Expense
Dividends
Dividends Payable
Donation Revenue
Equipment
Franchise Rights
Goodwill
Income Tax Expense
Income Tax Payable
Insurance Expense
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Inventory
Land
Legal Expense
Licensing Rights
Logo and Trademarks
Notes Payable (long-term)
Notes Payable (short-term)
Notes Receivable (long-term)
Notes Receivable (short-term)
Office Expense
Patents
Prepaid Advertising
Prepaid Insurance
Prepaid Rent
Rent Expense
Rent Revenue
Repairs and Maintenance Expense
Retained Earnings
Salaries and Wages Expense
Salaries and Wages Payable
Sales Revenue
Selling, General, and Administrative Expense
Service Revenue
Short-term Investments
Software
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Vehicles

Journal entry worksheet Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the company's checking account. Record the transaction. Note: Enter debits before credits. Transaction Gene Journ Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Hired a new finance manager on the last day of the month. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Transaction d Record entry Clear entry View general Journal Journal entry worksheet