Question: Please help with these difference journal entries 1-5 . Will be sure to leave a review. Thank you! Athletic Performance Company (APC) was incorporated as
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) Retalned Earnings Supplies $ 7,750 226,000 8,050 358,000 23,000 121,000 19,250 0 6,950 During the month of July, the company had the following activities: a. Issued 2,300 shares of common stock for $230,000 cash. b. Borrowed $53,250 cash from a local bank, payable In two years. c. Bought a building for $234,000; paid $51,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $130,000. e. Purchased supplies for $15,250 on account
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