ABC electronics 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 3,700 shares for $370,000 cash. b. Borrowed $120,000 cash from a local bank, payable in two years. c. Bought a factory building for $212,000; paid $97,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $230,000. e. Purchased supplies for $34,500 on account. 1. Analyze transactions (a)(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) Example: Requirement 2: 20mks 2. Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, indicate "No journal entry required" Follow the example provided in the posted soultion for PA2-3 Requirement 3: 20mks 3. Summarize the journal entry effects from requirement 2 using T-accounts. Requirement 4: 30mks 4. Prepare a classified balance sheet at, July 31 . Requirement 5: 10mks 5. As of July 31, has the financing for DSC's investment in assets primarily come from liabilities or from shareholders' equity