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Athletic performance company was incorporated as a private company. The company's accounts included the following at July 1: Analyze transactions (a)-(e) to determine their effects

Athletic performance company was incorporated as a private company. The company's accounts included the following at July 1:
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Analyze transactions (a)-(e) to determine their effects on the accounting equation
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Record the transaction effects determined by part 1 using journal entries (almost done it says incomplete)
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Summarize the journal entry effects from part 2 using T-accounts.
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Prepare a trial balance at July 31
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Athletic Performance Company (APC) was incorporated as a private company The company's accounts Included the following at July 1. Accounts Payable 8,650 Building 286,000 Cash 7000 Common Stock 403.000 Equipment 32,000 Land 118,000 Notes Payable (ong-term) 35,500 Retained Earnings Supplies 4,150 During the month of July. the company had the following actvrtles a. Issued 4.400 shares of common stock for S440 000 cash b Borrowed $35,000 cash from a local bank, payable in two years. c Bought a building for $182.000, paid $56.000 in cash and signed a three-year note for the balance d. Paid cash for equ pment that cost $207000. e Purchased supples for s16,50o on account References cei Recording Iran action Jouma Section Break and Accounts P epa ing an et the Bolan Sheet LO 2 LO 2

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