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Required information [The following information applles to the questions displayed below.] Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts

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Required information [The following information applles to the questions displayed below.] Bearings \& Brakes Corporation (B\&B) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activitiesi a. Issued 4,600 shares of common stock for $460,000 cash. b. Borrowed $145,000 cash from a local bank, payable in four years. c. Bought a building for $200,000; paid $83,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $107,000. e. Purchased supplies for $107,000 on account. 4. Prepare a trial balance at July 31

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