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5 Part 4 of 6 166 points ebook References Requirea informauon [The following information applies to the questions displayed below] Deliberate Speed Corporation (DSC) was

image text in transcribedimage text in transcribed 5 Part 4 of 6 166 points ebook References Requirea informauon [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 $ 22,500 112,000 52,500 175,000 151,000 290,000 5,650 410,250 7,900 During the month of July, the company had the following activities: a Issued 5,100 shares of common stock for $510,000 cash b. Borrowed $183,000 cash from a local bank, payable in two years c. Bought a building for $210,750, paid $86.750 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $284,000. e Purchased supplies for $37,000 on account dat 4. Prepare a trial balance at July 31 5 e. Purchased supplies for $37,000 on account. Part 4 of 6 4. Prepare a trial balance at July 31. 166 points eBook Print References DELIBERATE SPEED CORPORATION Trial Balance Debit Credit $ 05 0 Totals

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