Required Information 5 value: quired inf 10.00 points company's accounts induded the following at June 30: 4. Prepare a trial balance at July 31 BEARINGS& BRAKES CORPORATION Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplios $ 88,000 630,000 103,000 300,000 174,000 509,000 6,000 1,031,000 9,000 Trial Balance Debit Credit During the month of July, the company had the following activities: a. Issued 4,200 shares of common stock for $420,000 cash. b. Borrowed $125,000 cash from a local bank, payable in four years. c. Bought a building for $192,000; paid $79,000 in cash and signed a three-year note for the Totals balance. d. Paid cash for equipment that cost $103,000. e. Purchased supplies for $103,000 on account. References eBook &Resources Worksheet Learning Objective: 02-02 Apply transaction Learning Objective: 02-04 Prepare a trial balance and a classified balance sheet analysis to accounting transactions