Homework Answers
| 3 | |
| Beginning total assets | 190000 |
| a | 0 |
| b | 18000 |
| c | 6000 |
| d | 0 |
| e | 12000 |
| f | 1900 |
| Ending total assets | 227900 |
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Required information E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event,...
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.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
a. Placed an order for office supplies costing $2,200. Supplier intends to deliver later in the...
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...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
Required information Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed...
Required information Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $2,000. Supplier Intends to dellver 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, and then deposited $5,000 cash in the company's checking account. d. Hired a new finance manager on the last day of...
Rawlco Communications operates fifteen radio stations throughout the West. The following events are representative occurring during...
Rawlco Communications operates fifteen radio stations throughout the West. The following events are representative 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, and as a result, deposited $5,000 cash in the company's chequing account. d. Hired a new finance manager...
Rawico Communications operates 15 radio stations. The following events occurred during September a. Placed an order...
Rawico Communications operates 15 radio stations. The following events occurred during September a. Placed an order for office supplies costing $3,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $35.000; paid $15,000 cash and signed a promissory note to pay $20,000 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....
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
- Homework Required information E2-15 Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet...
- Homework Required information E2-15 Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet (LO 2-2, LO 2-3, LO 2-4, LO 2-5) Business Sim Corp. (BSC) issued 1,500 common shares to Kelly in exchange for $21,000. BSC borrowed $42,000 from the bank, promising to repay it in two years. BSC paid $47,000 for computer equipment with check number 101 and signed a note for $6,000 due in six months. BSC received $1,050 of supplies purchased on account. BSC's...
Type or paste question here ! Required information E2-11 Recording Journal Entries and Preparing a Classified...
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! Required information E2-11 Recording Journal Entries and Preparing a Classified Balance Sheet (LO 2-1, LO 2-2, LO 2-5) Assume Down, Inc., was organized on May 1 to compete with Despair, Inc.—a company that sells de-motivational posters and office products. Down, Inc., encountered the following events during its first month of operations. a. Received $60,000 cash from the investors who organized Down, Inc. b. Borrowed $20,000 cash and signed a note due in two years....
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
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.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 Placed an order for office supplies costing $2,000. Supplier intends to deliver later in the month. Note: Enter debits before credits. Event General Journal Debit Credit a. Record entry Clear entry View general journal Rawico Communications operates fifteen radio stations throughout...
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...
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
Required information Rawlco Communications operates 15 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $2,000. Supplier Intends to dellver 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, and then deposited $5,000 cash in the company's checking account. d. Hired a new finance manager on the last day of...
Rawlco Communications operates fifteen radio stations throughout the West. The following events are representative 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, and as a result, deposited $5,000 cash in the company's chequing account. d. Hired a new finance manager...
Rawico Communications operates 15 radio stations. The following events occurred during September a. Placed an order for office supplies costing $3,000. Supplier intends to deliver later in the month. b. Purchased equipment that cost $35.000; paid $15,000 cash and signed a promissory note to pay $20,000 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....
Required information Rawlco Communications operates 10 radio stations. The following events occurred during September. a. Placed an order for office supplies costing $1,500. Supplier intends to deliver later in the month. b. Purchased equipment that cost $20,000; paid $6,000 cash and signed a promissory note to pay $14,000 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...
- Homework Required information E2-15 Analyzing and Recording Transactions, and Preparing and Evaluating a Balance Sheet (LO 2-2, LO 2-3, LO 2-4, LO 2-5) Business Sim Corp. (BSC) issued 1,500 common shares to Kelly in exchange for $21,000. BSC borrowed $42,000 from the bank, promising to repay it in two years. BSC paid $47,000 for computer equipment with check number 101 and signed a note for $6,000 due in six months. BSC received $1,050 of supplies purchased on account. BSC's...
Type or paste question
here
! Required information E2-11 Recording Journal Entries and Preparing a Classified Balance Sheet (LO 2-1, LO 2-2, LO 2-5) Assume Down, Inc., was organized on May 1 to compete with Despair, Inc.—a company that sells de-motivational posters and office products. Down, Inc., encountered the following events during its first month of operations. a. Received $60,000 cash from the investors who organized Down, Inc. b. Borrowed $20,000 cash and signed a note due in two years....
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