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.) 12 b. ان ها b. C. d 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 $2,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $25,000; paid $12,000 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 $6,000 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 $13,000 cash from the company's owners in exchange for issuing common shares. f Supplies [ordered in (a)) were received, along with a bill for $2.000. B f Totals Assets B 0= Liabilities + + + Stockholders' Equity

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.) 12 b. ان ها b. C. d 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 $2,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $25,000; paid $12,000 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 $6,000 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 $13,000 cash from the company's owners in exchange for issuing common shares. f Supplies [ordered in (a)) were received, along with a bill for $2.000. B f Totals Assets B 0= Liabilities + + + Stockholders' Equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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