[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 $ 6,750 210,000 27,950 369,000 S Equipment Land Notes Payable (long-term) Retained Earnings Supplies 21,750 131,000 19,500 0 4,550 During the month of July, the company had the following activities: a. Issued 2,400 shares of common stock for $240,000 cash. b. Borrowed $49,500 cash from a local bank, payable in two years. c. Bought a building for $197,750; paid $59,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $192,000. e. Purchased supplies for $18,300 on account. Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. TIP: In transaction (c), three different accounts are affected. (Enter any decreases to account balances with a minus sign.) Assets L Liabilities + Stockholders' Equity Cash Supplies Buildings Equipment Land Accounts Payable Notes Payable + (long-term) Common Retained Stock Earnings Beginning Balance 27,950 4,550 210,000 21,750 131,000 6,750 19,500 + 369,000 0 a + b. + C. + d e. ++