ABC electronics was incorporated as a private company. The companys accounts included the following at June 30:

Accounts Payable	$	25,000	Land	$	215,000
Factory Building		104,500	Notes Payable (long-term)		5,000
Cash		30,500	Retained Earnings		266,500
Contributed Capital		195,000	Supplies		8,500
Equipment		133,000

During the month of July, the company had the following transactions:

1. Issued 3,700 shares for $370,000 cash.
2. Borrowed $120,000 cash from a local bank, payable in two years.
3. Bought a factory building for $212,000; paid $97,000 in cash and signed a three-year note for the balance.
4. Paid cash for equipment that cost $230,000.

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.)

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"

3. Summarize the journal entry effects from requirement 2 using T-accounts.

3. Prepare a Trial balance.

4. Prepare a classified balance sheet at, July 31.

5. As of July 31, has the financing for DSCs investment in assets primarily come from liabilities or from shareholders equity?