Required information E2-10 (Static) Analyzing Accounting Equation Effects, Recording Journal Entries, and Summarizing Financial Statement...
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Required information E2-10 (Static) 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 $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 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 $10,000 cash from the company's owners in exchange for issuing common shares. Supplies [ordered in (0) were received, along with a bill for $2,000. E2-10 (Static) Part 3 3. Rawico began the month with $220,000 in total assets. What total assets would be reported on the balance sheet after events () (07 Ending To Asses
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