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[The following wnformation applies to the questions displayed below.) Bearings & Brakes Corporation (EEB) was incorporated as a private company. The company's accounts included the
[The following wnformation applies to the questions displayed below.) Bearings & Brakes Corporation (EEB) was incorporated as a private company. The company's accounts included the following at Jun 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 50.000 500.000 90.000 170.000 148.000 444,000 5.000 966.000 9,000 During the month of July, the company had the following activities. a. Issued 6,000 shares of common stock for S600,000 cash. b. Borrowed S60 000 cash from a local bank, payable in four years, 6. Bought a building for $166,000; paid $66,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $90,000. c. Purchased supplies for $90 000 on account 2. value 1.42 points Required: 1. Analyze transactions (a)-(e) lo determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity
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