Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30: Accounts Payable $ 27,000 Land $ 217,000 Factory Building 105,100 Notes Payable (long-term) 5,400 Cash 31,100 Retained Earnings 267,500 Contributed Capital 197,000 Supplies 8,700 Equipment 135,000 During the month of July, the company had the following transactions: Issued 3,660 shares for $366,000 cash. Borrowed $124,000 cash from a local bank, payable in two years. Bought a factory building for $216,000; paid $99,000 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $234,000. Purchased supplies for $35,100 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.) 2. Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Summarize the journal entry effects from requirement 2 using T-accounts. 4. Prepare a classified balance sheet at July 31. 5. As of July 31, has the financing for DSCs investment in assets primarily come from liabilities or from shareholders equity? multiple choice Shareholders equity Liabilities Prev