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! Required information [ The following information applies to the questions displayed below. ] Randy's Restaurant Company ( RRC ) entered into the following transactions
Required information
The following information applies to the questions displayed below.
Randy's Restaurant Company RRC entered into the following transactions during a recent year.
April Purchased equipment a new walkin cooler for $ by paying $ cash and signing a $ note due in six months.
April Enhanced the equipment by replacing the airconditioning system in the walkin cooler at a cost of $ purchased on account.
April Wrote a check for the amount owed on account for the work completed on April
May A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $ cost
June Paid $ cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region.
Required:
a Complete the table below, indicating the account, amount and direction of the effect for the above transactions. Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.
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