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 $ 6,350 250,000 6,400 354,000 25,250 108,000 34,500 5,200 During the month of July, the company had the following activities: a. Issued 2,700 shares of common stock for $270,000 cash. b. Borrowed $32,750 cash from a local bank, payable in two years. c. Bought a building for $236,000; paid $62,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $187,000. e. Purchased supplies for $13,200 on account. CP2-2 Part 4 4. Prepare a trial balance at July 31. Totals ATHLETIC PERFORMANCE COMPANY Trial Balance Debit Credit