Great Solutions was incorporated as a private company. The company's accounts included the following at June 30:

Accounts Payable 24,900

Buildings 196,000

Cash 56,750

Common Stock 160,000

Equipment 148,000

Land 201,000

Notes Payable(long-term) 3,050

Retained Earnings 423,500

Supplies 9,700

During the month of July, Great Solutions had the following activities:

a) Issued 5,600 shares of common stock for $560,000 cash.

b) Borrowed $106,000 cash from a local bank, payable in 2 years.

c) Bought a building for $240,250; paid $90,250 in cash and signed a 3 year note for the balance.

d) Paid cash for equipment that cost $261,000.

e) Purchased supplies for $33,250 on account.

Prepare a trial balance at July 31st:

Trial Balance At July 31 Credit $ Debit 56,750 9,700 148,000 Cash Supplies Equipment Accounts Payable Notes Payable (long-term) Common Stock 24,900 3,050 160,000 $ Totals $ 214,450 $ 187,950