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Rawlco Communications operates 10 radio stations throughout the West. The following events occurred during September. a. Placed an order for office supplies costing $2,500. Supplier

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

a. Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month.
b.

Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month.

c. Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the companys 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 companys owners in exchange for issuing common shares.
f. Supplies [ordered in (a)] were received, along with a bill for $2,500.

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2 b Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month. Record the transaction.

3 c Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the companys checking account. Record the transaction.

4 d

Hired a new finance manager on the last day of the month. Record the transaction.

5 e

Received an investment of $10,000 cash from the companys owners in exchange for issuing common shares. Record the transaction.

6 f Supplies [ordered in (a)] were received, along with a bill for $2,500. Record the transaction.

Journal entry worksheet 2 3 4 5 6 Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit

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