Q5. Bawko Communications operates fifteen radio stations. The following events are representative of those occurring during...

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Q5. Bawko Communications operates fifteen radio stations. The following events are representative of those occurring 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 as a result, deposited $5,000 cash in the company's chequing account d. Hired a new finance manager on the last day of the month. e. Received an investment of $10,000 cash from the company's owners, in exchange for issuing shares. r. Supplies ordered in (a) were received, along with a bill for $2,000. 1. Select the specific account, amount, and direction of effects for each transaction on the radio station's accounting equation. (Enter any decreases to account balances with a minus sign.) Date A Account title & Description P.Ref. DR G Page 1 CR Q5. Bawko Communications operates fifteen radio stations. The following events are representative of those occurring 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 as a result, deposited $5,000 cash in the company's chequing account d. Hired a new finance manager on the last day of the month. e. Received an investment of $10,000 cash from the company's owners, in exchange for issuing shares. r. Supplies ordered in (a) were received, along with a bill for $2,000. 1. Select the specific account, amount, and direction of effects for each transaction on the radio station's accounting equation. (Enter any decreases to account balances with a minus sign.) Date A Account title & Description P.Ref. DR G Page 1 CR

Answer rating: 100% (QA)

Step 12 Transaction a b Step 22 d e f No Entry Equipment Cash Notes paya... View the full answer