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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

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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 Equipment Land Notes Payable (long- term) Retained Earnings Supplies $ 5,300 170,000 22,550 336,000 25,750 137,500 18,750 4,250 During the month of July, the company had the following activities: a. Issued 3,600 shares of common stock for $360,000 cash. b Borrowed $47.000 cash from a local bank, payable in two years. C Bought a building for $204,750; paid $41,750 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $250,000. e Purchased supplies for $14,600 on account. 4. Prepare a trial balance at July 31

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