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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
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. Supplies (ordered in (a)] were received, along with a bill for $2,700, 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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