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Bearings & Brakes Corporation $($B&B$)$ was incorporated as a private company. The company$$s accounts included the following at June $30$:

Accounts Payable $$53,000$

Buildings $510,000$

Cash $91,000$

Common Stock $180,000$

Equipment $150,000$

Land $449,000$

Notes Payable $($long$-$term$)6,000$

Retained Earnings $971,000$

Supplies $10,000$

During the month of July, the company had the following activities:

Issued $3,000$ shares of common stock for $$300,000$ cash.

Borrowed $$65,000$ cash from a local bank, payable in four years.

Bought a building for $$168,000$; paid $$67,000$ in cash and signed a three$-$year note for the balance.

Paid cash for equipment that cost $$91,000.$

Purchased supplies for $$91,000$ on account.

Summarize the journal entry effects from part $2$ using T$-$accounts.