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4. Prepare a classified balance sheet at July 31. Journal entry worksheet 5 Borrowed $90,000 cash from a local bank, payable June 30, 2020. Note:

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4. Prepare a classified balance sheet at July 31. Journal entry worksheet 5 Borrowed $90,000 cash from a local bank, payable June 30, 2020. Note: Enter debits before credits. Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: During the month of July, the company had the following transactions: a. Issued 4,000 shares for $400,000 cash. b. Borrowed $90,000 Lash from a local bank, payable in two years. c. Bought a factory building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 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.) Journal entry worksheet 1 Paid cash for equipment that cost $200,000. Note: Enter debits before credits. 5. As of July 31, has the financing for DSC's investment in assets primarily come from liabilities or from shareholders' equ Shareholders' equity Liabilities Journal entry worksheet (1) 2 Purchased supplies for $30,000 on account. Note: Enter debits before credits. 3. Summarize the journal entry effects from requirement 2 using T-accounts. 2. Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet (3) 5 Journal entry worksheet Bought a factory building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. Note: Enter debits before credits

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