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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

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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 tollowing at June 30 : During the month of July, the company had the following activities: a. Issued 3,700 shates of common stock for $370,000cash. 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. Paid cash for equipment that cost $98,000. e. Purchased supplies for $98,000 on account. - As of July 31. has the financing for Bearings \& Brakes investment in assets primarily come from liabilities or stockholders' equity

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