Required information 3. Summarize the journal entry effects from part 2 using F-accounts. (TIP: Enter the July 1 balances as the month's beginning balances) 1. Analyze transactions (a)-(e) to defermine their effects on the accounting equation. TiP: In transaction (c), three different accounts are affected. (Enter any decreases to occount balances with o minus sign.) Lecord the transaction effects determined in part 1 using joumal entries, (If no entry is required for a tronsoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 345 Issued 3,300 shares of common stock for $330,000 cash. Record the transaction. Note: inter debics before credis. Required information CP2-2 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below.] Athletic Performance Company (APC) was incorporated as a private company. The company's accounts inciuded the following at July 1 : During the month of July, the company had the following activities: a. Issued 3.300 stiares of common stock for $330,000 cash b. Borrowed $52.750 cash from a local bank, payable in two years. c. Bought a buliding for $193,500; paid $59,500 in cash and signeda three year note for the balance. d. Paid cash for equipment that cost $148,000. e. Purchased supplies for $18,400 on account." 4. Prepare a trial balance at July 31 . Include Retained Earnings on the balance sheet even though the account has a zero balance. 5. Prepare a classified balance sheet at July 31 , Include Retained Earnings on the balance sheet even though the account has a zero balance. During the month of July, the company had the following actlvities: a. Issued 3.300 shares of common stock for $330,000 cash. b. Borrowed $52.750 cash from a local bank, payable in two years. c. Bought a building for \$193,500; paid \$59,500 in cash and signed a three year note for the balance. d. Paid cash for equipment that cost $148,000. e. Purchased supplies for $18,400 on account. CP2-2 (Algo) Part 6 6. As of July 31, has the financing for Athletic Performance Company's (APCs) hivestment in assets primarlly come from liabilities or stockholders' equity? Llabilities Stockholders' Equity