Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable $ 30,000 Land Factory Building Cash Contributed Capital Equipment 106,000 Notes Payable (long-term) 32,000 200,000 Retained Earnings Supplies $ 220,000 6,000 269,000 9,000 138,000 During the month of July, the company had the following transactions: a. Issued 3,600 shares for $360,000 cash. b. Borrowed $130,000 cash from a local bank, payable in two years. c. Bought a factory building for $222,000; paid $102,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $240,000. e. Purchased supplies for $36,000 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.) Transaction a. b. C. d. e Assets Liabilities + 3. Summarize the journal entry effects from requirement 2 using T-accounts. Cash Supplies Beg. bal. Beg. bal. End. bal. Factory Building Equipment Beg. ball Beg. bal. End. bal. End. bal. Land Accounts Payable Beg. bal. Beg. bal. 4. Prepare a classified balance sheet at July 31. Assets Current assets DELIBERATE SPEED CORPORATION Balance Sheet At July 31 Liabilities Current liabilities Total current assets 0 Total current liabilities Total liabilities Shareholders' equity 0 End. bal. End. bal. Total shareholders' equity Notes Payable Contributed Capital Total assets $ 0 Total liabilities & shareholders' equity $ 0 0 Shareholders' Equity Beg. bal. Beg. bal. End. bal Retained Earnings Beg. bal. End. bal. End. bal. 5. As of July 31, has the financing for DSC's Investment In assets primarily come from liabilities or from shareholders' equity? O Shareholders' equity O Liabilities