Bearings & Brakes Corporation (B&B) was incorporated as a private company. The companys accounts included the following at June 30: Accounts Payable $ 50,000 Buildings 500,000 Cash 90,000 Common Stock 170,000 Equipment 148,000 Land 444,000 Notes Payable (long-term) 5,000 Retained Earnings 966,000 Supplies 9,000 During the month of July, the company had the following activities: A. Issued 6,000 shares of common stock for $600,000 cash. B.Borrowed $60,000 cash from a local bank, payable in four years. C. Bought a building for $166,000; paid $66,000 in cash and signed a three-year note for the balance. D. Paid cash for equipment that cost $90,000. E.Purchased supplies for $90,000 on account. Summarize the journal entry effects from part 2 using T-accounts