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Rawlco Communications operates 15 radio stations. The following events occurred during
September.
Indicate the specific account, amount, and direction of effects for each transaction on the radio station’s accounting equation. If an event is not considered a transaction, leave the account, amount and direction of effects blank. (Enter any decreases to account balances with a minus sign.)
ABLFGiHAssetsLiabilities+Stockholders’s Equity12equipment+23000payable note+17000cash60003cash-5000bank loan-50004cash+110006capitalsupplies11000+1800Account payable…
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