2 questions

D 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: 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. b. Borrowed $53,500 cash from a local c. Bought a building for $213,000; paid $58,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $270,000. e. Purchased supplies for $13,800 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Accounts Notes Payable Payable 5,000 36,500 Stockholders' Equity Common Retained Stock Earnings 398,000 Land Cash Supplies 7.400 Building Equipment 275,000 30.250 107.000 Bog 19,850 a b C d 0 36,500 398,000 5,000 e 107.000 30.250 275,000 7,400 End 19,850 Exit Submit Check my work 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: 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; pald $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. 2. Record the transaction effects determined in part 1 using journal entries. (If no entry is required for a transaction/event, select "No : Required information View transaction list Journal entry worksheet Issuance of 4,100 shares of common stock for $410,000 cash. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Cash Record entry Clear entry View general journal BER Navt