Saved 26 Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1 $ 6,600 209,000 12,850 310,000 Accounts Payable Buildings Cash Common Stock Equipment Land 20,250 106,500 40,250 Notes Payable (long-term) Retained Earnings Supplies 8,250 During the month of July, the company had the following activities: es a Issued 2,600 shares of common stock for $260,000 cash b. Borrowed $41,000 cash from a local bank, payable in two years c Bought a building for $182,500; paid $49,500 in cash and signed d Paid cash for equipment that cost $166,000. e. Purchased supplies for $17,400 on account a three-year note for the balance. Required: 1. Analyze transactions (a)-e) to determine their effects on the accounting equation. (Enter any decreases to account balances wit a minus sign.) Assets Liabilities Stockholders' Equity Cash Accounts Supplies Notes Payable Building Equlpment Common Stock Retained Earnings Land Payable 6 600 Ren 2n9 nnnl 12 850 20 250 8 250 106 500 40 250 310 nnn .. re to search a Issued 2,600 shares of common stock for $260,000 cash. b. Borrowed $41,000 cash from a local bank, payable in two years. Bought a building for $182,500; paid $49,500 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $166,000 e. Purchased supplies for $17,400 on account C Required: 1 Analyze transactions (a)-fe)to determine their effects on the accounting equation. (Enter any decreases to acco a minus sign.) count balances wit Assets Stockholders' Equity Liabilitios Accounts Payable Notes Payable Common Stock Retained Cash Supplies Building Equipment Land Earnings 12,850 Beg 8250 209.000 20,250 106.500 6.600 40.250 310,000 al C d End 12,850 8250 209.000 20,250 106.500 6,600 40.250 310,000 0