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2 - Chapter 2 Homework Assignment Soved Help Sve 4 x Check my won 6 toto Required information The following information applies to the questions displayed below) Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable 5103,000 Buildings 700,000 Cash 110.000 Common Stock 370.000 Equipment 188.000 Land 544,000 Notes Payable (long-term) 13,000 Retained Earnings 1.060,000 Supplies 10.000 During the month of July, the company had the following activities Issued 4.900 shares of common stock for $490.000 cash b. Borrowed $150,000 cash from a local bank, payable in four years Bought a building for $206,000 paid $86,000 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $110.000 Purchased supplies for $110.000 on account