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Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included...

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Accounting

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Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30. Accounts Payable muildinga Canh Common Stock Equipment Land Notes Payable long-term) Retained Earning Supplies $ 58,000 550.000 95,000 220,000 153,000 169,000 10,000 993, 000 7.000 During the month of July, the company had the following activities a. Issued 3,400 shares of common stock for $340,000 cash b Borrowed $85.000 cash from a local bank, payable in four years c Bought a building for $176,000 paid $71,000 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $95.000 e Purchased supplies for 595,000 on account Required: 1. Analyze transactions (de) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign) NO DOO 05.000 Conveen Sock 56.000 votes Payabile long term 7.000 150.000 176.000 69,000

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