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1 big question. 17 Check my we O Part 3 of 6 Required information [The following information applies to the questions displayed below.) Athletic Performance

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17 Check my we O Part 3 of 6 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: eBook Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 5,000 275,000 19,850 398,000 30, 250 107,000 36,500 0 7,400 During the month of July, the company had the following activities: a. Issued 4,100 shares of common stock for $410,000 cash. b. Borrowed $53,500 cash from a local bank, payable in two years. c. Bought a building for $213,000; paid $58,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $270,000 e. Purchased supplies for $13,800 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. (TIP: Enter the July 1 halanrae ae the monthleba Check my v 17 3. Summarize the journal entry effects from part 2 using T-accounts. (TIP: Enter the July 1 balances as the month's beginning balan Part 3 of 6 Cash Supplies Beg. Bal Beg. Bal. eBook End. Bal. End. Bal Equipment Buildings Beg. Bal. Beg. Bal. c2 End. Bal. End. Bal. Land Accounts Payable Bog. Bal Beg. Bal. End. Bal. End. Bal. Notes Payable (long-term) Common Stock Me IGO 17 Required information Lanu Accounts rayapie Part 3 of 6 Beg. Bal. Beg. Bal End. Bal. End. Bal. eBook Notes Payable (long-term) Common Stock Beg. Bal. Beg. Bal. End. Bal. Ehd. Bal. Retained Earnings Beg. Bal. End. Bal

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