Athletic Performance Company (APC) was incorporated as a private company. The companys accounts included the following at July 1: During the month of July, the company had the following activities: Issued 2,000 shares of common stock for $200,000 cash. Borrowed $30,000 cash from a local bank, payable in two years. Bought a building for $141,000; paid $41,000 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $100,000. Purchased supplies for $10,000 on account. Instructions: Post July 1 balances into T-Accounts Analyze and journalize the transactions from Nos. 1 to 5. Post the amounts from the journal entries to T-Accounts created in No. 1 Calculate the ending balances of each account Complete the Trial Balance