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ter 2 Assessment 0 Required information Seved 1of3 01.2650 Rawico Communications operates 15 radio stations. The following events occurred during September a. Placed an order
ter 2 Assessment 0 Required information Seved 1of3 01.2650 Rawico Communications operates 15 radio stations. The following events occurred during September a. Placed an order for office supplies costing $1,600. Supplier intends to deliver later in the month. b. Purchased equipment that cost $21,000, paid $6,000 cash and signed a promissory note to pay $15,000 in one month. c. Negotiated and signed a one-year bank loan, and then deposited $5,000 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 Supplies (ordered in (a) were received, along with a bill for $1,600. Ac raw 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.) b d. Totals Assets Liabilities Stockholders' Equity < Prev 10 11 12 of 12 Next > @
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