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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 during a recent year.
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 1 Purchased equipment (a new walk-in cooler) for $7,80 by paying $2,499 cash and signing a $5,400 note due in six months. April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost of $4,400, purchased on account. April 3 wrote a check for the amount owed on account for the work completed on April 2. May 1A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $260 cost. June 1 Paid $12,488 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region. Required: 1a. 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.) Date April 01 April 01 April 02 April 30 May 01 June 01 June 01 Assets Saved on.com 702 Liabilities + Stookholders' Equity + + + + + + +
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