Chapter 2 homework 2 Saved rl=https%253A%252F%252Flms.mh 0.4 points eBook 10 Print References The following is a list of account balances for Pick-A-Pet, Incorporated, as of June 30, Year 3: Accounts Payable. Accounts Receivable. Cash Common Stock Equipment Logo and Trademarks. Notes Payable Retained Earnings Software $ 358,800 75,000 736,600 674,100 60,000 423,200 269,700 118,700 126,500 The company entered into the following transactions during July. Year 3. Stockholders contribute $380,000 cash for additional ownership shares and the company borrows $190,000 in cash from a bank to buy new equipment at a later date. No other transactions took place during July, Year 3. Required: a. Prepare a classified balance sheet for the company at June 30, Year 3. b. Show the effects of the July transactions on the basic accounting equation. c. Prepare the journal entries that would be used to record the transactions. Complete this question by entering your answers in the tabs below. Required A Required B Required C Show the effects of the July transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign. Assets Transaction Analysis Liabilities Stockholders' Equity