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 $ 21,100 144,820 55,5ee 220,000 143,80 275,800 6,700 385, 880 16, lee During the month of July, the company had the following activities: a. Issued 4.400 shares of common stock for $440,000 cash. b. Borrowed $121.000 cash from a local bank, payable in two years. c. Bought a building for $229,750; paid $88,750 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $226,000. e. Purchased supplies for $54,750 on account. 3. Summarize the journal entry effects from part 2 using T-accounts. Cash Supplies Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Equipment Buildings Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Land Accounts Payable Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Notes Payable Common Stock Credit Debit Credit Debit Beginning Balance Beginning Balance Ending Balance Ending Balance Retained Earnings Credit Debit Beginning Balance Ending Balance