Deliberate Speed Corporation (DSC) was incorporated as a private company. The companys accounts included the following at June 30:

Accounts Payable	$ 28,600
Buildings	197,000
Cash	56,000
Common Stock	230,000
Equipment	119,000
Land	263,000
Notes Payable (long-term)	6,750
Retained Earnings	376,850
Supplies	7,200

During the month of July, the company had the following activities:

1. Issued 5,400 shares of common stock for $540,000 cash.
2. Borrowed $119,000 cash from a local bank, payable in two years.
3. Bought a building for $257,500; paid $90,500 in cash and signed a three-year note for the balance.
4. Paid cash for equipment that cost $222,000.
5. Purchased supplies for $33,750 on account.

Prepare a trial balance at July 31.