Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable 582.000 buildings 610,000 Cash 101,000 Common Stock 280,000 Equipment 120,000 Land 499,000 Notes Payable (long tera) 4.000 Retained Farines 1,021,000 Supplies 7.000 During the month of July, the company had the following activities a. Issued 4,000 shares of common stock for $400,000 cash b. Borrowed $115.000 cash from a local bank payable in four years. c Bought building for $188,000 paid $77000 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $101000 e. Purchased supplies for $101.000 on account 4. Prepare a trial balance at July 31 BEARINGS & BRAKES CORPORATION Til Balance During the month of July, the company had the following activities: a. Issued 4 000 shares of common stock for $400,000 cash. b. Borrowed $115.000 cash from a local bank, payable in four years. c. Bought a building for $188,000 paid $77.000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $101.000. e Purchased supplies for $101.000 on account 4. Prepare a trial balance at July 31. Credit BEARINGS & BRAKES CORPORATION Trial Balance For the Month Ended July 31 Debit Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings