Business, 23.09.2020 22:01 SunsetPrincess

Rawlco Communications operates 15 radio stations. The following events occurred during September. A. Placed an order for office supplies costing $1,600. Supplier intends to deliver later in the month.
B. Purchased equipment that cost $21,000; paid $6,000 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 $5,000 cash in the company’s checking account.
D. Hired a new finance manager on the last day of the month. Received an investment of $9,000 cash from the company’s owners in exchange for issuing common shares.
E. Supplies [ordered in (a)] were received, along with a bill for $1,600.
Required: Indicate the specific account, amount and direction of effects for each transaction on the radio station's counting equation. If an event is not considered a transaction, leave the account, amount and direction of effects blank.

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Rawlco Communications operates 15 radio stations. The following events occurred during September. A...

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