Question: Required information E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4) Rawico Communications operates 10
Required information E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4) Rawico Communications operates 10 radio stations. The following events occurred during September a. Placed an order for office supplies costing $1,900. Supplier intends to deliver later in the month. b. Purchased equipment that cost $24,000; paid $6,000 cash and signed a promissory note to pay $18,000 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 $12,000 cash from the company's owners in exchange for issuing common shares. f. Supplies (ordered in (e)] were recelved, along with a bill for $1,900. E2-10 Part 3 3. Rawico began the month with $190,000 in total assets. What total assets would be reported on the balance sheet after events (a)- (fp Ending Total Assets
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