! Required information Saved CP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5] (The following information applies to the questions displayed below.] Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable $ 6,350 Buildings Cash 250,000 6,400 Common Stock Equipment Land 354,000 25,250 108,000 34,500 0 5,200 Notes Payable (long-term) Retained Earnings Supplies During the month of July, the company had the following activities: a. Issued 2,700 shares of common stock for $270,000 cash. b. Borrowed $32,750 cash from a local bank, payable in two years. c. Bought a building for $236,000; paid $62,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $187,000. e. Purchased supplies for $13,200 on account. 603.30-43