! 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 $2,400. Supplier intends to deliver later in the month. b. Purchased equipment that cost $29,000; paid $18,000 cash and signed a promissory note to pay $11,000 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 $9,000 cash from the company's owners in exchange for issuing common shares. Supplies (ordered in (a)) were received, along with a bill for $2,400. E2-10 (Algo) Part 1 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.) a Supplies b. Cash b. Equipment c. Cash Assets (2.400) 18,000 Accounts Receivable 32,000 Liabilities Stockholders' Equity Supplies 11,000+ + Bank Charges Expense 6,000 Common Stock 9 < Prev 10 11 12 of 19 www Next >