Performance Plastics Company (PPC) has been operating for three yeors. The beginning account balances are Cash 9,808 ory Supplies 5,790 Buildings 299,830 52,800 52,500 182,800 158,898 194,158 Payable Notes Payable (due in three years) Common Stock During the year, the company had the following summarized activities: a Purchased equipment that cost $24,350: paid $5,450 cash and signed a two-year note for the balance. b Issued an additional 2,700 shares of common stock for $27000 cash. c. Borrowed $99.000 cash from a tocal bank, payable June 30, in two years. d. Purchased supplies for $6,100 cash e Built an addition to the factory buildings for $68.000: paid $25.750 in cash and signed a three-year note for the balance f Hired a new president to start January 1 of next year The contrect was for $95,000 for each full year worked. e journal entry effects from pert 2using F-accounts TIP. Enter the December 31.balances as the month's beginning K Prey10 12 of 14Next >