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Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $2,000. Supplier intends to deliver
Rawlco Communications operates 15 radio stations. The following events occurred 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, 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. (Supplies (ordered in (a)] were received, along with a bill for $2,000. Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Record the transaction. Note: Enter debits before credits. Transaction a General Journal + Debit Credit Purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. Record the transaction. Note: Enter debits before credits. Transaction b General Journal Debit Credit Negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company's checking account. Record the transaction. es Note: Enter debits before credits. Transaction C General Journal Debit Credit Hired a new finance manager on the last day of the month. Record the transaction. Note: Enter debits before credits. Transaction d General Journal Debit Credit t ht ences Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares. Record the transaction. Note: Enter debits before credits. Transaction e General Journal Debit Credit Supplies [ordered in (a)] were received, along with a bill for $2,000. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit
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