Question: Show me the steps to solve ! Required information [ The following information applies to the questions displayed below. ] Athletic Performance Company ( APC

Show me the steps to solve !
Required information
[The following information applies to the questions displayed below.]
Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1:
\table[[Accounts Payable,$7,300],[Buildings,180,000],[Cash,12,450],[Common Stock,327,000],[Equipment,42,000],[Land,124,000],[Notes Payable (long-term),31,750],[Retained Earnings,0],[Supplies,7,600]]
During the month of July, the company had the following activities:
a. Issued 4,200 shares of common stock for $420,000 cash.
b. Borrowed $33,250 cash from a local bank, payable in two years.
c. Bought a building for $153,500; paid $47,500 in cash and signed a three-year note for the balance.
d. Paid cash for equipment that cost $153,000.
e. Purchased supplies for $19,100 on account.
Required:
3. Summarize the journal entry effects from part 2 using T-accounts. (TIP: Enter the July 1 balances as the month's beginning
\table[[Cash,Supplies],[Debit,Credit,Debit,Credit],[Beginning Balance,12,450,,Beginning Balance,,],[b.,420,000,,,,],[c.,33,250,,,,],[+,,,,,],[Ending Balance,465,700,,Ending Balance,,],[,,,,,],[Equipment,Buildings],[Debit,Credit,Debit,Credit],[Beginning Balance,,,Beginning Balance,,],[,,,,],[,,,,],[Ending Balance,,Ending Balance,,],[,,,,,],[Land,Accounts Payable],[Debit,Credit,Debit,Credit],[Beginning Balance,,,Beginning Balance,,],[,,,,,],[,,,,,],[Ending Balance,,,Ending Balance,,]]
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