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Analyze transactions and determine their effects on the accounting equation requirea iniormaion The following information applies to the questions displayed below.] Deliber ate Speed Corporation

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requirea iniormaion The following information applies to the questions displayed below.] Deliber ate 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,e00 6,700 385,800 16,100 During the month of July, the company had the following activities 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 88750 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

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