(6) ok Required information CP2-2 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [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 $ 6,150 214,000 10,850 321,000 25,000 87,000 17,500 0 7,800 During the month of July, the company had the following activities: a. Issued 2,200 shares of common stock for $220,000 cash. b. Borrowed $40,250 cash from a local bank, payable in two years. c. Bought a building for $187,000; paid $52,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $182,000. e. Purchased supplies for $15,500 on account. CP2-2 (Algo) Part 1 Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. TIP: In transaction (c), three different accounts are