journal entry worksheet: a-f = questions 1-6

Required information E2-10 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] [he 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 $3,200. Supplier intends to deliver later in the month. b. Purchased equipment that cost $37,000; paid $15,000 cash and signed a promissory note to pay $22,000 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. Recelved an investment of $9,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were recelved, along with a bill for $3,200. 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.) 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet (2. 34456 Placed an order for office supplies costing $3,200. Supplier intends to deliver later in the month. Record the transaction. Notet Enter debits before credits. 1 Placed an order for office supplies costing $3,200. Supplier intends to deliver later in the month. Record the transaction. Purchased equipment that cost $37,000; paid $15,000 cash and signed a promissory note to pay $22,000 in one month. Record the transaction. 3 Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the company's checking account. Record the transaction. 4 Hired a new finance manager on the last day of the month. Record the transaction. Note : = journal entry has been entered month. Record the transaction. 3 Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the company's checking account. Record the transaction. 4 Hired a new finance manager on the last day of the month. Record the transaction. 5 Received an investment of $9,000 cash from the company's owners in exchange for issuing common shares. Record the transaction. 6 Supplies [ordered in (a)] were received, along with a bill for $3,200. Record the transaction. Note : = journal entry has been entered Required information E2-10 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] [The following information applies to the questions displayed below] Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $3,200. Supplier intends to deliver later in the month. b. Purchased equipment that cost $37,000; paid $15,000 cash and signed a promissory note to pay $22,000 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. Recelved an investment of $9,000 cash from the company's owners in exchange for issuing common shares: f Supplies [ordered in (a)] were recelved, along with a bill for $3,200. E2-10 (Algo) Part 3 3. Rawico began the month with $320,000 in total assets. What total assets would be reported on the balance sheet after events (a)(I)