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The following Information applies to the questions displayed below) Rowico Communications operates 15 radio stations. The following events occurred during September a. Placed an order

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The following Information applies to the questions displayed below) Rowico Communications operates 15 radio stations. The following events occurred during September a. Placed an order for office supplies costing $2,600. Supplier intends to deliver later in the month Purchased equipment that cost $31,000; paid $18,000 cash and signed a promissory note to pay $13,000 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 $11,000 cash from the company's owners in exchange for issuing common shares. Supplies [ordered in (all were received, along with a bill for $2,600 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 Llabilities Stockholders' Equity a 13,000 b. Equipment b. Cash c. Cash d 31,000 - Notes Payable (short-term) (18.000) = Cash 7.000) = Notes Payable (short-term) + 4 e. Cash 15,000/= 3,000 - Accounts Payable f. Supplies

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