Required information [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 Buildings Cash Common Stock $ 8,650 286,000 7,000 403,000 32,000 Equipment Land Notes Payable (long-term) Retained Earnings Supplies 118,000 35,500 0 4,150 During the month of July, the company had the following activities: a. Issued 4,400 shares of common stock for $440,000 cash. b. Borrowed $35,000 cash from a local bank, payable in two years. c. Bought a building for $182,000; paid $56,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $207,000. e. Purchased supplies for $16,500 on account. 2. Record the transaction effects determined in part 1 using journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet > < 1 2 3 4 5 2. Record the transaction effects determined in part 1 using journal entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Transaction Answer is not complete. General Journal Debit Credit 1 a. Common Stock 440,000 2 b. Notes Payable (long-term) 3 4 C. Buildings Cash d. 5 e. Equipment Supplies 35,000 182,000 56,000 207,000 16,500