applies to the questions displayed below.j 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 During the month of July, the company had the following activities: a. Issued 6,200 shares of common stock for $620,000 cash. b. Borrowed $182,000 cash from a local bank, payable in two years. c. Bought a building for $258,250; paid $82,250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $210,000. e. Purchased supplies for $47,250 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. Debit Beginning Balance Ending Balance $ 27,200 142,000 47,750 225,000 128,500. 211,000 6,450 283,600 13,000 Cash Credit

Deliberate Speed Corporation (DSC) 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 activities: a. Issued 6,200 shares of common stock for $620,000 cash. b. Borrowed $182,000 cash from a local bank, payable in two years. c. Bought o bullding for $258,250; paid $82,250 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $210,000. e. Purchased supplies for $47,250 on account. 3. Summarize the journal entry effects from part 2 using Taccounts