Question: help find the missing part, and give some explanation plz Required information [The following information applies to the questions displayed below.] Bearings & Brakes Corporation
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Required information [The following information applies to the questions displayed below.] Bearings \& Brakes Corporation (B\&B) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $85,000 cash from a local bank, payable in four years. c. Bought a building for $176,000; paid $71,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $95,000. e. Purchased supplies for $95,000 on account. 5. Prepare a classified balance sheet at July 31
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