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Answer all of these, please PA2-2 Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet [LO 2-2,

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PA2-2 Recording Transactions (in a Journal and T-Accounts); Preparing a Trial Balance; Preparing and Interpreting the Balance Sheet [LO 2-2, LO 2-3, LO 2-4, LO 2-5] 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 $ 20,000 100,e00 36,000 180,e00 118,000 200,000 2,000 259,000 7,000 Land Notes Payable (long-term) Retained Earnings Supplies During the month of July, the company had the following activities a Issued 4,000 shares of common stock for $400,000 cash b. Borrowed $100,000 cash from a local bank, payable in two years. c Bought a building for $182,000; paid $82,000 in cash and signed a three-year note for the balance. d Paid cash for equipment that cost $200,000. e. Purchased supplies for $30,000 on account. PA2-2 Part 3 3. Summarize the journal entry effects from part 2 using T-accounts. Answer is not complete. Cash Supplies 36,000 Beg Bal Beg Bal 400,000 a. 82,000 C 100.000 200,000xd End Bal 536 000 End Bal 282,000 Equipment Buildings Beg Bal 7,000 118,000 Beg Bal. 100,000 200,000d e 30,000 182,000 C. End. Bal. 281,000 End. Bal. 282,000 Land Accounts Payable Beg Bal. 200,000 Beg. Bal End Bal. 200.000 End Bal. Accounts Payable Land 200,000 Beg. Bal. Beg Bal End. Bal. End. Bal. 200,000 Common Stock Notes Payable Beg. Bal. Beg Bal End Bal. End Bal Retained Earnings Beg Bal End. Bal

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