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- Required information [The following information applies to the questions displayed below.] Rawlco Communications operates 15 radio stations. The following events occurred during September.
- Required information [The following information applies to the questions displayed below.] Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $3,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $35,000; paid $15,000 cash and signed a promissory note to pay $20,000 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 $15,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $3,000. 3. Rawlco began the month with $300,000 in total assets. What total assets would be reported on the balance sheet after events (a)-(f)? Ending Total Assets
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