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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 April
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 1Purchased equipent (a new walk-in cooler) for $6,600 by paying $1,100 cash and signing a $4,000 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 $3,800, purchased on account. April 30 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 he wrote a check for the full $200 cost. June 1 Paid $11,040 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region. Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the above transactions. (Enter any decreases to Assets, Labilities, or Stockholders' Equity with a minus sign.) Date Stockholders Equity Assets Liabilities . + . |April 01 Aprior April 02 A 30 Mayor June 01 June 01 . + Complete this question by entering your answers in the tabs below. Reg 1B Reg 2 Reg 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 4 5 Record the purchase of a new walk-in cooler for $6,600 paying $1,800 cash and signing a note for the rest. Note: inter debits before credits General Journal Debit Credit Date April 01 View transaction list Journal entry worksheet Record the payment of $200 incurred on the repairs to the restaurant's front door. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Journal entry worksheet
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