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Deliberate Speed Corporation ( DSC ) was incorporated as a private company. The company s accounts included the following at June 3 0 : Accounts

Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30:
Accounts Payable $ 10,000 Land $ 200,000
Building 100,000 Notes Payable (long-term)2,000
Cash 26,000 Retained Earnings 259,000
Contributed Capital 180,000 Supplies 7,000
Equipment 118,000
During the month of July, the company had the following transactions:
Issued 4,000 shares for $400,000 cash.
Borrowed $90,000 cash from a local bank, payable in two years.
Bought a factory building for $182,000; paid $82,000 in cash and signed a three-year note for the balance.
Paid cash for equipment that cost $200,000.
Purchased supplies for $30,000 on account.
Required:
1. Analyze transactions (a)(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)

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