3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Beg. Bal. Beg. Bal. Required Information The following Informatlon applies to the questions displayed below End. Bal. End. Bal. Bearings&Brakes Corporation (B&B) was incorporated as a private company. The companys accounts indluded the following at June 30: Equipment Buildings Beg. Bal. Beg. Bal. End. Bal End. Bal. S 79,00O 600,000 00,000 270,000 168,000 494,000 3,000 016,000 6,000 Accounts Payable Buildings Cash Common Stock Land Accounts Payable Beg. Bal Land Notes Payable (long-term) Retained Earnings Supplics End. Bal. End. Bal. Notes Payable Common Stock Beg. Bal. Beg. Bal During the month of Juty, the company had the following actvities: 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. End. Bal. End. Bal. Retained Earnings Beg. Bal End. Bal