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I keep getting it wrong somehow Required information [The following information applies to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated as
I keep getting it wrong somehow
Required information [The following information applies to the questions displayed below.] Bearings \& Brakes Corporation (B\&B) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 4,800 shares of common stock for $480,000 cash. b. Borrowed $155,000 cash from a local bank, payable in four years. c. Bought a building for $204,000; paid $85,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $109,000. e. Purchased supplies for $109,000 on account. 4. Prepare a trial balance at July 31Step by Step Solution
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