question 9a connect: Required information [The following information applies to the questions displayed below.] Rawlco...
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question 9a connect:
Required information
[The following information applies to the questions displayed below.]
Rawlco Communications operates 10 radio stations. The following events occurred during September.
- Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month
- Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month.
- Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the company's checking account.
- Hired a new finance manager on the last day of the month.
- Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares
*. Supplies [ordered in (a)] were received, along with a bill for $2,500.
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 6 Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month. Record the transaction. Note: Enter debits before credits
question 9a connect:
Required information
[The following information applies to the questions displayed below.]
Rawlco Communications operates 10 radio stations. The following events occurred during September.
- Placed an order for office supplies costing $2,500. Supplier intends to deliver later in the month
- Purchased equipment that cost $30,000; paid $18,000 cash and signed a promissory note to pay $12,000 in one month.
- Negotiated and signed a one-year bank loan, and then deposited $6,000 cash in the company's checking account.
- Hired a new finance manager on the last day of the month.
- Received an investment of $10,000 cash from the company's owners in exchange for issuing common shares
*. Supplies [ordered in (a)] were received, along with a bill for $2,500.
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.)
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