Required information [The following information applies to the questions displayed below] Bearings \& Brakes Corporation (B\&B) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 3,700 shares of common stock for $370,000 cash. b. Borrowed $100,000 cash from a local bank, payable in four years. c. Bought a building for $182.000 : paid $74.000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $98,000. e. Purchased supplies for $98,000 on account. 2. Record the transaction effects determined in part 1 using a journal entry format. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld.)