J + TOGE COLLIGE CP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; to. 87) Athletic Performance Company (APC) was incorporated as a private company. Thompany's accounts included the following at July 1: During the month of July, the company had the following activities: 1. Issued 2,000 shares of common stock for $200,000 cash 2. Borrowed $30,000 cash from a local bank, payable in two years. 3. Bought a building for $141,000; paid $41,000 in cash and signed a three-year note for the balance 4. Paid cash for equipment that cost $100,000. 5. Purchased supplies for $10,000 on account. Instruction: 1. Post July 1 balances into T-Accounts 2. Analyze and journalize the transactions from Nos. 1 to 5. 3. Post the amounts from the journal entries to T-Accounts created in No. 1 5. Complete the Trial Balance below by entering the amount in the provided boxes. 4. Calculate the ending balances of each account Example: 1. Do not include the dollar sign when entering the amount. 2. For an account with debit balance, enter the amount in the first box and on the 2 box. For an account with credit balance, enter the amount in the 2nd box and in the 1 box 1 Cash had a debit balance of $150,000 150,000