During the month of July, the company had the following activities: Issued 4,800 shares of common stock for %480,000 cash. Borrowed $155,000 cash from a local bank, payable in four years. Bought a building for $204,000, paid $85,000 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $109,000. Purchased supplies for $109,000 on account