6. Required information 10.00 points 5. Prepare a classified balance sheet at July 31 Required Information BEARINGS& BRAKES CORPORATION companys accounts Included the fol lowing at June 30: Balance Sheet Accounts Payable Buildings Cash Common Stock $88,000 630,000 03,000 Land Notes Payable (ong-term) Retained Earnings Supplies 174,000 509,000 6,000 1,031,000 9,000 During the month of July, the company had the following activites: a. Issued 4,200 shares of common stock for $420,000 cash. b. Borrowed $125,000 cash from a local bank, payable in four years. c. Bought a building for $192,000; paid S79,000 in cash and signed a three-year note for the d. Paid cash for equipment that cost $103,000. References eBook & Resources e. Purchased supplies for $103,000 on account. Financial Statements Learning Objective: 02-02 Apply transaction Learning Objective analysis to accounting transactions