4 The following is a list of account balances for Pick-A-Pet, Inc., as of June 30, Year 3: Accounts Payable Accounts Receivable Cash Common Stock Equipment Logo and Trademarks Long-term Notes Payable Retained Earnings Software $ 362,400 78,000 738,100 678,600 60,600 423,800 270,000 119,000 129,500 The company entered into the following transactions during July, Year 3. Stockholders contribute $410,000 cash for ownership shares and the company borrows $205,000 in cash from a bank to buy new equipment by signing a form repay the loan in 2 years. No other transactions took place during July, Year 3. Required: a. Prepare a classified balance sheet for the company at June 30, Year 3. b. Show the effects of the July transactions on the basic accounting equation. c. Prepare the journal entries that would be used to record the transactions. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a classified balance sheet for the company at June 30, Year 3. PICK-A-PETS, INC. Balance Sheet At June 30, Year 3 < Prev 24 of 34 Next >