Land Check Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $103,000 Buildings 700,000 Cash 110,000 Common Stock 370,000 Equipment 188,000 544,000 Notes Payable (long-term) 13,000 Retained Earnings 1,066,000 Supplies 10,000 During the month of July, the company had the following activities: a. Issued 4,900 shares of common stock for $490,000 cash. b. Borrowed $160,000 cash from a local bank, payable in four years, c. Bought a building for $206,000; paid $86,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $110,000 e Purchased supplies for $110,000 on account Renuired: 1. Analyze transactions (a)-e) to determine their effects on the accounting equation (Enter any decre a minus sign.) Assets Cash Liabilities Accounts Notes Payable Payable (long-term) Stockholders Equity Common Stock Supplies Buildings Equipment a b. C 11 11 11 d. e