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Required information Rawico Communications operates 10 radio stations. The following events occurred during September a. Placed an order for office supplies costing $2,700. Supplier intends

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Required information Rawico Communications operates 10 radio stations. The following events occurred during September a. Placed an order for office supplies costing $2,700. Supplier intends to deliver later in the month. b. Purchased equipment that cost $32,000 paid $18,000 cash and signed a promissory note to pay $14,000 in one month. c Negotiated and signed a one-year bank loan, and then deposited $7,000 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 $12,000 cash from the company's owners in exchange for issuing common shares 4. Supplies (ordered in () were received, along with a bill for $2,700. Required: 1. Indicate the specific account, amount, and direction of effects for each transaction on the radio station's accounting equation. If an event is not considered a transaction, leave the account, amount and direction of effects blank. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity + b. Equipment Cash 32.000 18000 c d Totals 14,000

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