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Required information E2-10 Analyzing Accounting Equation Effects, Recording Journel Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] Rawlco Communications operates 15
Required information E2-10 Analyzing Accounting Equation Effects, Recording Journel Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] Rawlco Communications operates 15 radio stations. The following events occurred during September 3 of 3 b. Purchased equipment that cost $30,000, paid $10,000 cash and signed a promissory note to pay ts 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 mana e. Received on the last day of the month an investment of $10,000 cash from the c s owners in exchange for issuing common shares f Supplies [ordered in (a)) were received, along with a bill for $2.000 E2-10 Part 3 eferences 3. Rawlco began the month with $220,000 in total assets. What total assets would be reported on the balance sheet after events (a)
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