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 $ 6,350 Buildings 250,000 Cash 6,400 Common Stock 354,000 Equipment 25,250 Land 108,000 Notes Payable (long-term) 34,500 Retained Earnings Supplies 5,200 During the month of July, the company had the following activities Issued 2,700 shares of common stock for $270,000 cash Borrowed $32.750 cash from a local bank, payable in two years Bought a building for $236,000 paid $62,000 in cash and signed a three year note for the balance d. Pald cash for equipment that cost $187.000 e Purchased supplies for $13,200 on account Required information Taction General Journal 1 a Cash Common Stock Debit 270,000 270,000 2 b 32,750 Cash Notes Payable (long-term) pl 32,750 3 236,000 Buildings Notes Payable (long-term) Cash OOO 174 000 62,000 4 d 187.000 Equipment Cash 187.000 5 13.200 Supplies Accounts Payable 13,200 3. Summarize the journal entry effects from part 2 using Taccount. (TIP: Enter the July 1 balances as the month's beginning bal Answer is not complete Cro Beginning Balance 6,400 Beginning Balance 5.200 13. 200 Ending Balance 6,400 Ending Balance 18.400 Equipment Buildings Dobit Credit Debit Beginning Balance 26.250 Beginning Balance a 187.000 250.000 520003 174.000 486.000 Ending Balance 212,250 Ending Balance Land Accounts Payable Credit Dabit Credit Dobit Beginning Balance 100,000 Beginning Balance 3 13.2003 Ending Balance 108.000 Enong Balanga 19 500 Common stock Oredit Dabet Credit Notas Payabis long-term Debit Beginning Balance 34000 3 a 178000 Bogna 3540003 Endino Bianco 2050 Erdino Biano 354000 Retained Enringe Credit Deo Boomino Band Eco Belo