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: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies 97,000 680,000 108,000 350,000 184,000 534,000 11,000 1,056,000 8,000 During the month of July, the company had the following activities: a. Issued 4,700 shares of common stock for $470,000 cash. b. Borrowed $150,000 cash from a local bank, payable in four years. Rount building for $202000 nair R4 000 in rash and sinneri a three-vear note for the balance During the month of July, the company had the following activities: a. Issued 4,700 shares of common stock for $470,000 cash. b. Borrowed $150,000 cash from a local bank, payable in four years. c. Bought a building for $202,000; paid $84,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $108,000. e. Purchased supplies for $108,000 on account 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Beg. Bal. Beg. Bal. End. Bal. End. Bal 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Beg. Bal. Beg. Bal. End. Bai. End. Bal Equipment Buildings Beg. Bal Beg. Bal. End. Bal. End. Bal. Land Accounts Payable Land Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Notes Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Retained Earnings Beg. Bal. Retained Earnings Beg. Bal End. Bal