summarize the journal entry effects from part 2 using T-accounts

th 20 Saved Help Save Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 88,000 638, eee 103,000 300,000 174,000 509,000 6,000 1,031,000 9,800 During the month of July, the company had the following activities: a. Issued 4,200 shares of common stock for $420,000 cash. b. Borrowed $125,000 cash from a local bank, payable in four years. c Bought a building for $192,000; paid $79,000 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $103,000. e Purchased supplies for $103,000 on account Search Et e 2. UICIZE Ue luurai TV EELIS TUH UCL 2 US 1-OLLUUILD Required information Cash Supplies Beg. Bal. *** Beg. Bal. a. a. End. Bal. End. Bal. Equipment Buildings Beg. Bal. Beg. Bal. End. Bal. End. Bal. Land Accounts Payable Beg. Bal. Beg. Bal. Ch. 2 Saved Required information Notes Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Retained Earnings Beg. Bal. End. Bal.