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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

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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 transactions: a. Issued 3.700 shares for $370.000 cash. b. Borrowed $120,000 cash from a local bank, payable in two years. c. Bought a factory building for $212.000; pald $97.000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $230,000. e. Purchased supplies for $34,500 on account. 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 transactions: a. Issued 3.700 shares for $370.000 cash. b. Borrowed $120,000 cash from a local bank, payable in two years. c. Bought a factory building for $212.000; pald $97.000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $230,000. e. Purchased supplies for $34,500 on account

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