9 Required information The following information applies to the questions displayed below. Randy's Restaurant Company (RRC) entered into the following transactions during a recent year. April 1 Purchased equipment (a new walk-in cooler) for $6,600 by paying $1,800 cash and signing a $4,800 April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost due in six months. Aprihote due of $3,800, purchased on account April 30 Wrote a check for the amount owed on account for the work completed on April 2. May A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $200 cost June 1 Paid $11,040 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Date Assets Liabilities Stockholders' Equity April 01 April 02 April 30 May 01 June 01

Question
9
Required information
The following information applies to the questions displayed below.
Randy's Restaurant Company (RRC) entered into the following transactions during a recent year.
April 1 Purchased equipment (a new walk-in cooler) for $6,600 by paying $1,800 cash and signing a $4,800
April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost
due in six months.
Aprihote due
of $3,800, purchased on account
April 30 Wrote a check for the amount owed on account for the work completed on April 2.
May
A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the
full $200 cost
June 1 Paid $11,040 cash for the rights to use the name and store concept created by a different
restaurant that has been successful in the region
Required:
1-a. Complete the table below, indicating the account, amount and direction of the effect for the above transactions. (Enter any
decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.)
Date
Assets
Liabilities
Stockholders' Equity
April 01
April 02
April 30
May 01
June 01
Expand
Transcribed Image Text

9 Required information The following information applies to the questions displayed below. Randy's Restaurant Company (RRC) entered into the following transactions during a recent year. April 1 Purchased equipment (a new walk-in cooler) for $6,600 by paying $1,800 cash and signing a $4,800 April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost due in six months. Aprihote due of $3,800, purchased on account April 30 Wrote a check for the amount owed on account for the work completed on April 2. May A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $200 cost June 1 Paid $11,040 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the above transactions. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Date Assets Liabilities Stockholders' Equity April 01 April 02 April 30 May 01 June 01

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