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Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following atunc 30 Accounts Payable Factory building Cash Contributed Capital

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Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following atunc 30 Accounts Payable Factory building Cash Contributed Capital Equipment $ 25.000 104,500 30.500 195,000 133,000 Land Notes Payable (lotter) Retained Earni Supplies $215,000 5.000 266,500 1.500 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 $212000; paid $97000 in cash and signed a three year note for the balance. Pald cash for equipment that cost $230,000 c. Purchased supplies for $34 500 on account. Required: 1. Analyze transactions (le to determine the effects on the accounting equation (Enter any decreases to account balances with a minus sign) Transaction Asu Liabi Shareholders' Equity Cash Cash uldings 370 000 120.000 212 000 ml common has Nos parte Notes paya 51.700 120 000 115 000

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