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t 1 of 3 its 02:49:47 eBook Hint Print ferences a. b. Required information [The following information applies to the questions displayed below.] Rawico Communications
t 1 of 3 its 02:49:47 eBook Hint Print ferences a. b. Required information [The following information applies to the questions displayed below.] Rawico Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $3,400. Supplier intends to deliver later in the month. b. Purchased equipment that cost $39,000; paid $15,000 cash and signed a promissory note to pay $24,000 in one month. 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.) 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 $11,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $3,400. Assets Stockholders' Equity
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