Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies 0 4,300 During the month of July, the company had the following activities: a. Issued 4,800 shares of common stock for $480,000 cash. b. Borrowed $50,000 cash from a local bank, payable in two years. c. Bought a building for $205,250; paid $53,250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $256,000. e. Purchased supplies for $16,300 on account. CP2-2 (Algo) Part 4 $ 7,900 243,000 22,850 371,000 26,750 102,000 20,000 A 4. Prepare a trial balance at July 31. Include Retained Earnings on the balance sheet even though the account has a zero balance. Buildings Equipment Land ATHLETIC PERFORMANCE COMPANY Trial Balance At July 31 Debit Credit S ww