a. Issued 6,300 shares of common stock for $630,000 cash. b. Borrowed $163,000 cash from a local bank, payable in two years. c. Bought a building for $204.750; paid $101,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $241,000. e. Purchased supplies for $46,500 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Required information Equipment Bldings Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Debit Beginning Balance Ending Balance Ending Balance Land Accounts Payable Credit Debit Credit Beginning Balance Ending Balance Notes Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Required information Beginning Balance Ending Balance Beginning Balance Ending Balance Notes Payable Common Stock Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Retained Earnings Debit Credit Beginning Balance Ending Balance Ending Balance