Question: Having a hard time getting help with this one. This is my third attempt. Thank you. UP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing
UP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing and Interp IThe following information applies to the questions displayed below) Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Building Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $4,600 215,000 13,600 324,000 22,000 98,000 25,500 0 5,500 During the month of July, the company had the following activities: a. Issued 3,900 shares of common stock for $390.000 cash. b. Borrowed $35,750 cash from a local bank, payable in two years. c. Bought a building for $208.250: paid $62.250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $152,000 e. Purchased supplies for $13,100 on account. References
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