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Required information [The following information applies to the questions displayed below) Part 3 of 6 25 oints Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30 Print Accounts Payable Buildings Cash Common Stock Equipent Land Notes Payable (long-term) Retained Earnings Supplies 79,000 600,000 100,000 270,000 168,000 494,000 3,000 1,016,000 6,800 References During the month of July, the company had the following activities a. Issued 3,900 shares of common stock for $390,000 cash b. Borrowed $110,000 cash from a local bank, payable in four years. c. Bought a building for $186,000, paid $76,000 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $100,000 e. Purchased supplies for $100,000 on account 3. Summarize the journal entry effects from part 2 using T-accounts. 3 of 6 Cash Beg. Bal. Supplies Beg. Bal ts End. Bal. End. Bal. Print Equipment Buildings Beg, Bal Beg. Bal eferences End. Bal End. Bal. Land Accounts Payablo Beg. Bal Beg. Bal. End. Bal. End, Bal Notes Payable Common Stock Beg. Bal. Beg. Bal End. Bal. End. Bal. S 3 4 6 of 6 Next > 3 of 6 Cash Beg. Bal. Supplies Beg. Bal ts End. Bal. End. Bal. Print Equipment Buildings Beg, Bal Beg. Bal eferences End. Bal End. Bal. Land Accounts Payablo Beg. Bal Beg. Bal. End. Bal. End, Bal Notes Payable Common Stock Beg. Bal. Beg. Bal End. Bal. End. Bal. S 3 4 6 of 6 Next > 0 Required information Beg. Bal. Beg, Bal End. Bal. End. Bal. Land Accounts Payable Beg. Bal. Beg. Bal. End, Bal End. Bal. Notes Payable Common Stock Beg, Bal Beg. Bal. End. Bal. End, Bal Retained Earnings Beg Bal. End. Bal

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