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d Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $ 22,500 Buildings

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d Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 Accounts Payable $ 22,500 Buildings 112,000 Cash 52,500 Common Stock 175,000 Equipment 151,000 Land 290,000 Notes Payable (long-term) 5,650 Retained Earnings 410,250 Supplies 7,900 During the month of July, the company had the following activities: a Issued 5,100 shares of common stock for $510,000 cash c Bought a building for $210,750; paid $86.750 in cash and signed a three-year note for the balance d. Paid cash for equipment that cost $284,000 e Purchased supplies for $37000 on account 4. Prepare a trial balance at July 31. DELIBERATE SPEED CORPORATION Trial Balance Debit Credit Totals 69 $ 0$ 0

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