E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] Rawlco 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 $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month.

c. Negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the companys checking account.

d. Hired a new finance manager on the last day of the month.

e. Received an investment of $10,000 cash from the companys owners in exchange for issuing common shares.

f. Supplies [ordered in (a)] were received, along with a bill for $2,000.