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[The following information applies to the questions displayed below) Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the

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[The following information applies to the questions displayed below) Bearings & Brakes Corporation (B&B) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $82,300 Buildings 610,000 Cash 101,000 Common Stock 280,000 Equipment 170.000 Land 499,000 Notes Payable (long-term) 4,000 Retained Earnings 1,021.00 Supplies 7.000 During the month of July, the company had the following activities: a. Issued 4,000 shares of common stock for $400.000 cash b. Borrowed $115,000 cash from a local bank, payable in four years. c Bought a building for $188,000 paid $77000 in cash and signed a three-year note for the balance d. Pald cash for equipment that cost $101000 e Purchased supplies for $101.000 on account Required: 1. Analyze transactions (a)-e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Required: 1. Analyze transactions (a)-e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign.) Assets Liabilities Accounts Notes Payable Payable (long-term) Stockholders Equity Common Stock Cash Supplies Buildings Equipment b. G d

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