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er 2 Homework Assignment Help Se The following information applies to the questions displayed below. earings & Brakes Corporation (B&B) was incorporated as a private company, The company's accounts Included the following at June 30 Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long- term) Retained Earnings Supplies $76,000 590,000 99,000 260,000 166,000 489,000 2,000 1,011,000 5,000 During the month of July, the company had the following activities: a Issued 3,800 shares of common stock for $380,000 cash b. Borrowed $105,000 cash from a local bank, payable in four years. c Bought a building for $184,000, paid $75,000 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $99,000 e. Purchased supplies for $99,000 on account Prev 9 of 9