6 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 55,500 220,000 143,000 275,000 6,700 385,800 16,100 During the month of July, the company had the following activities: ces 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 building for $229,750; paid $88,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $226,000. e. Purchased supplies for $54,750 on account 2. Record the transaction effects determined in part 1 using a journal entry format. (If no entry is required for a transaction/eve select "No Journal Entry Required" In the first account field.) View transaction list View transaction list Journal entry worksheet