2 Homework Saved Required information [The following information applies to the questions displayed below.) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Supplies $ 21, 100 144,000 $5,500 220.000 143,000 275,000 6.700 385,800 16,100 During the month of July, the company had the following activities: a. Issued 4,400 shares of common stock for $440,000 cash, b. Borrowed $121,000 cash from a local bank, payable in two years. c. Bought a bullding for $229,750; paid $88,750 in cash and signed a three-year note for the balance. d. Pald cash for equipment that cost $226,000. e. Purchased supplies for $54,750 on account. 4. Prepare a trial balance at July 31 4. Prepare a trial balance at July 31. DELIBERATE SPEED CORPORATION Trial Balance Debit Credit + Totals $ 0 0 $