E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] 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. e. Received an investment of $9,000 cash from the company's owners in exchange for issuing common shares. f Supplies [ordered in (a)] were received, along with a bill for $1,600. 2-10 Part 2 Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question

please provide all journal entry without image thnx

E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial
Statement Impact [LO 2-2, LO 2-3, LO 2-4]
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.
e. Received an investment of $9,000 cash from the company's owners in exchange for issuing common shares.
f. Supplies [ordered in (a)] were received, along with a bill for $1,600.
E2-10 Part 2
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 workchoat
0 chp 1-2013 Fall pptx
< Prev 4 of 5
Next >
J
Transcribed Image Text:E2-10 Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement Impact [LO 2-2, LO 2-3, LO 2-4] 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. e. Received an investment of $9,000 cash from the company's owners in exchange for issuing common shares. f. Supplies [ordered in (a)] were received, along with a bill for $1,600. E2-10 Part 2 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 workchoat 0 chp 1-2013 Fall pptx < Prev 4 of 5 Next > J
Journal entry worksheet
<
1
2
Transaction
a
Note: Enter debits before credits.
3
Placed an order for office supplies costing $1,600. Supplier intends to deliver
later in the month. Record the transaction.
Record entry
Chp 1-2015 Fail pptx
X
4
5
General Journal
PI
Clear entry
6
O
< Prev
Debit
Credit
View general journal
4 of 5
4
Next >
Transcribed Image Text:Journal entry worksheet < 1 2 Transaction a Note: Enter debits before credits. 3 Placed an order for office supplies costing $1,600. Supplier intends to deliver later in the month. Record the transaction. Record entry Chp 1-2015 Fail pptx X 4 5 General Journal PI Clear entry 6 O < Prev Debit Credit View general journal 4 of 5 4 Next >
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education