Required information The following Information applies to the questions displayed below] Bearings & Brakes C following at June 30 n (B&B) was Incorporated as a private company. The company's accounts Included the $ 55,000 540, 000 Aecounts ayable Cash Coamon Stoch Equipment Land Notes ayable (long-term) 464,000 9,000 9B6, 000 6,000 During the month of July, the company had the following activitles: a. Issued 3,300 shares of common stock for $330,000 cash. b. Borrowed $80,000 cash from a local bank, payable In four years. C. Bought a building for $174,000: paid $70,000 In cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $94,000. e. Purchased supplies for $94,000 on account. 3. Summarize the Journal entry effects from part 2 using T-accounts