Unit 2 - Chapter 2 Homework Assignment 4 Part 1 of 6 10 points Mc Print Accounts Payable Buildings Cash Common Stock Equipment Required information [The following information applies to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Land Notes Payable (long-term) Retained Earnings Supplies Cash Supplies During the month of July, the company had the following activities: a. Issued 4,800 shares of common stock for $480,000 cash. b. Borrowed $155,000 cash from a local bank, payable in four years. c. Bought a building for $204,000; paid $85,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $109,000. e. Purchased supplies for $109,000 on account. Assets $100,000 690,000 109,000 360,000 Buildings Equipment 186,000 539,000 12,000 1,061,000 9,000 Help Save & Exit Submit Check my work

Required information The following information aspores to the questions dicyployed below] following at June 30 : During the month of July, the compary had the following actevites: a issued 4,800 shares of common slock for $480,000cash. b. Bortowed $155,000 cash from a local buks, payable in fout years c Elought a bulding for $204,000, poid 5:35,000 in cash and Neacd a treeeyese note for the batance d. Paid cosh for equipeners that cost $109000 e. Aurchased supplies for 5109.000 on occount Required: 1. Analye trantactiona ( - (e) to determine their effects on the accounong equaben (Emer any decreases to account batances with a minus sign.)