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Rawlco Communications operates fifteen radio stations throughout the West. The following events are representative occurring during September a. Placed an order for office supplies costing

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Rawlco Communications operates fifteen radio stations throughout the West. The following events are representative 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, 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 Stockholders' Equity b. c. d 0 2. 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.) View transaction list Journal entry worksheet

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