Required information [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 Buildings $94,000 670,000 107,000 Cash Common Stock 340,000. Equipment 182,000 Land 529,000 10,000 Notes Payable (long-term) Retained Earnings Supplies 1,051,000 7,000 During the month of July, the company had the following activities: a. Issued 4,600 shares of common stock for $460,000 cash. b. Borrowed $145,000 cash from a local bank, payable in four years. c. Bought a building for $200,000; paid $83,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $107,000. e. Purchased supplies for $107,000 on account. Required information Journal entry worksheet 1 2 3 4 5 Issued 4,600 shares of common stock for $460,000 cash. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit a Record entry Clear entry Credit View general journal > Journal entry Journal entry worksheet