Athletic Preformance Co. (APC) Was incorporated as a private company. The Copens account included the folliwing at July.1

During the mother of Julu, the company had thr following activities:

1. Issued 2,000 shares of common stock for $200,00 cash .
2. Borrowed $ 30,000 cash from a local bank , payable in two years.
3. Bought a building for $141,000; paid $41,000 in cash and signed a three- year note for the balance
4. Paid cash for equipment that cout $ 100,000.
5. Purchased supplies for $10,000 on account.

Instructions:

1. 1. Post July balances in T-Accounts

2. Analyze and journalize the transactions from Nos. 1 to 5

3. Pout the amounts from the journal entries to T- acounts crelated in No.1

4. Caccurate the ending balances of each acount