[The following information applies to the questions displayed below] Athletic Performance Company (APC) was incorporated as a private company. The company's accounts included the following at July 1: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term)22,750 Retained Earnings Supplies $ 6,700 268,000 10,150 404,000 34,750 112,000 8,550 During the month of July, the company had the following activities a. Issued 3,400 shares of common stock for $340,000 cash. b. Borrowed $34,250 cash from a local bank, payable in two years. c Bought a building for $211,000; paid $55,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $127,000. e Purchased supplies for $18,500 on account. 2. Record the transaction effects determined in part 1 using journal entries. (f no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)