Required information [The following information applies to the questions displayed below.] Rawlco Communications operates 15...
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Required information [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 $2,200. Supplier intends to deliver later in the month. b. Purchased equipment that cost $27,000; paid $12,000 cash and signed a promissory note to pay $15,000 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 $15,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $2,200. 3. Rawlco began the month with $220,000 in total assets. What total assets would be reported on the balance sheet after events (a)(f)
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