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Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July,

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Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30 : During the month of July, the company had the following activities: a. Issued 6,200 shares of common stock for $620,000 cash. b. Borrowed $182,000 cash from a local bank, payable in two years. c. Bought a building for $258,250; paid $82,250 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $210,000. e. Purchased supplies for $47,250 on account. 4. Prepare a trial balance at July 31

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