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 $ 6,950 239,000 Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies 12,600 350,000 28,750 109,000 40,500 0 8,100 During the month of July, the company had the following activities: a. Issued 3,500 shares of common stock for $350,000 cash. b. Borrowed $52,500 cash from a local bank, payable in two years. c. Bought a building for $233,750; paid $51,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $205,000. e. Purchased supplies for $14,000 on account. < Prev 2 3 4 of 10 Next > Check