Required information The following Information applies to the questions displayed below] n (B&B) was Incorporated as a private company. The company's accounts Included the BearingS & Brakes following at June 30 $ 55,000 540, 000 94,000 210,000 156, 000 464,000 9,000 9B6,000 6,000 Aecounts ayable Cash Common Stoc Equipment Land Notes ayable (long-term) 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. . 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. 2 Record the transaction effects determined In part 1 using a Journal entry format (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 Issued 3,300 shares of common stock for $330,000 cash. Record the transaction. Note: Enter devis before cred Transaction General Journal Debit Credit Record entry Clear enty View gnral joumal Journal entry worksheet Borrowed $80,000 cash from a local bank, payable in four years. Record the transaction. Note: Enter devis before cred Transaction General Journal DebitC Credit Record entry Clear enty View gnral joumal Journal entry worksheet Purchased supplies for $94,000 on account. Record the transaction. Note: Enter devis before cred Transaction General Journal DebitCredit Record entry Clear enty View gnral joumal Xi 1 Issued 3,300 shares of common stock for $330,000 cash. Record the transaction. 2 Borrowed $80,000 cash from a local bank, payable in four years. Record the transaction. Bought a building for $174,000: paid $70,000 in cash and signed a three-year note for the balance. Record the transaction 3 Paid cash for equipment that cost $94,000. Record the transaction. 4 s Purchased supplies for $94,000 on account. Record the transaction. tjoural entry has been entered