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[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
[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: During the month of July, the company had the following actlivitles: a. Issued 4,400 shares of common stock for $440,000 cash. b. Borrowed $35,000 cash from a local bank, payable in two years. c. Bought a bullding for $182,000; pald $56,000 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $207,000. e. Purchased supplies for $16,500 on account. Record the transaction effects determined in part 1 using Journal entries. (If no entry ls requlred for a transaction/event, select " Journal Entry Required" In the first account fleld.) Q Issued 4,400 shares of common stock for $440,000 cash. Record the transaction. Borrowed $35,000 cash from a local bank, payable in two years. Record the transaction. Bought a building for $182,000; paid $56,000 in cash and signed a three-year note for the balance. Record the transaction. Paid cash for equipment that cost $207,000. Record the transaction. Purchased supplies for $16,500 on account. Record the transaction
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