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Required information [ The following information applies to the questions displayed below. ] Rawlco Communications operates 1 5 radio stations. The following events occurred during
Required information
The following information applies to the questions displayed below.
Rawlco Communications operates radio stations. The following events occurred during September.
a Placed an order for office supplies costing $ Supplier intends to deliver later in the month.
b Purchased equipment that cost $; paid $ cash and signed a promissory note to pay $ in one month.
c Negotiated and signed a oneyear bank loan, and then deposited $ 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 $ cash from the company's owners in exchange for issuing common shares.
Supplies ordered in a were received, along with a bill for $
Required:
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.
Note: Enter any decreases to account balances with a minus sign.
a Placed an order for office supplies costing $ Supplier intends to deliver later in the month.
b Purchased equipment that cost $; paid $ cash and signed a promissory note to pay $ in one month.
c Negotiated and signed a oneyear bank loan, and then deposited $ 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 $ cash from the company's owners in exchange for issuing common shares.
Supplies ordered in a were received, along with a bill for $
Required:
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.
Note: Enter any decreases to account balances with a minus sign.
Required information
The following information applies to the questions displayed below.
The following events occurred for Favata Company:
a Received $ cash from owners and issued stock to them.
b Borrowed $ cash from a bank and signed a note due later this year.
c Bought and received $ of equipment on account.
d Purchased land for $; paid $ in cash and signed a longterm note for $
e Purchased $ of equipment; paid $ in cash and charged the rest on account.
Required:
For each of the events a through e perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation.
Note: Enter any decreases to account balances with a minus sign. Please solve it the form of that table I have to fill out.
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