Homework CO2 8 Parture 153 pos book Seved Required information During the month of July, the company had the following activities a issued 2.400 shares of common stock for $240,000 cash b Borrowed $49.500 cash from a local bank, payable in two years Bought a building for $197750; paid $59750 in cash and signed a three-year note for the balance d Paid cash for equipment that cost $192.000. e Purchased supplies for $18.300 on account. Required: 1. Analyze transactions (al-(e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Liabition Aste Stocksalen Et Account Retained Cash Suppis Buding Equipment Land Payable Stock farings 27,960 308,000 21,750 4.550 210,000 131.000 240,000 240.000 197,750 190.000 18.300 000.000 131,000 267050 22.860 407.750 213.750 Beg A k C d A End 8.750 18,300 25,000 00 Hote Paya 10,500 49,500 136.000 207,000 13 13 11 Help See & Es S Next >