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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 $3,200. Supplier intends to deliver later in the month. b. Purchased equipment that cost $37,000; paid $15,000 cash and signed a promissory note to pay $22,000 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 $9,000 cash from the company's owners in exchange for Issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $3,200. 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 a b. b. C d e. f Totals 0 0+ Stockholders' Equity
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