Question

Chrome File Edit View History Bookmarks People Window Help Bookmarks CP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpre The following information applies to the questions displayed below. Performance Company (APC) was incorporated as a private company. The company's accounts Athletic included the following at July 1 Accounts Payable Building Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings $ 4,500 242,000 12,200 348,000 25,500 95,000 28,250 6,050 During the month of July, the company had the following activities a. Issued 2,100 shares of common stock for $210,000 cash. b. Borrowed $53,000 cash from a local bank, payable in two years. c. Bought a building for $210,000; paid $59,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $174,000. e. Purchased supplies for $16,000 on account References Section Break CP2-2 Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-2 LO 2-3, LO 2-4, LO 2-5

Answer 1

Answer:h

Explanation: