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E2-11 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO2-2, LO2-3, LO2-4] Rawico 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 (note payable), 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. f. 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.) 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 Negotiated and signed a one-year bank loan, and as a result, deposited $5,000 cash in the company's chequing account. Note: Enter debits before credits. Prepare journal entries to record each transaction, (If no entry is required for a transaction/event, select "No Journal Entry equired" in the first account field.) Journal entry worksheet 6 Hired a new finance manager on the last day of the month. Note: Enter debits before credns. 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 56 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. 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 Received an investment of $10,000 cash from the company's owners, in exchange for issuing shares. Note: Enter debits before credits. 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No J Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits

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