Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] the following information applies to the questions displayed below] Rawico Communications operates 15 radio stations. The following events occurred during September.
a. Placed an order for office supplies costing $3,200. Supplier intends to deliver later in the month.
b. Purchased equipment that cost $37,000; paid $15,000 cash and signed a promissory note to pay $22,000 in one month.
c. Negotiated and signed a one-year bank loan, and then deposited $7,000 cash in the company's checking account.
d. Hired a new finance manager on the last day of the month.
e. Recelved an investment of $9,000 cash from the company's owners in exchange for issuing common shares.
f. Supplies [ordered in (a)] were recelved, along with a bill for $3,200.
